Achmea Investment Management B.V. Buys 1,734 Shares of Visa Inc. $V

Achmea Investment Management B.V. increased its stake in Visa Inc. (NYSE:VFree Report) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 178,468 shares of the credit-card processor’s stock after purchasing an additional 1,734 shares during the quarter. Visa makes up 0.8% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 22nd largest holding. Achmea Investment Management B.V.’s holdings in Visa were worth $60,925,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Parvin Asset Management LLC increased its stake in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares during the period. Sagard Holdings Management Inc. acquired a new position in shares of Visa during the 2nd quarter worth about $31,000. Bare Financial Services Inc boosted its stake in Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the period. Imprint Wealth LLC bought a new stake in Visa during the 3rd quarter valued at approximately $39,000. Finally, Winnow Wealth LLC acquired a new stake in Visa in the 2nd quarter valued at approximately $40,000. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on V shares. Piper Sandler set a $160.00 price target on Visa in a research report on Wednesday, January 28th. Daiwa Securities Group upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price objective on the stock in a research note on Monday, February 2nd. Freedom Capital raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Bank of America began coverage on shares of Visa in a research note on Thursday, March 5th. They set a “buy” rating and a $410.00 target price for the company. Finally, Cantor Fitzgerald raised shares of Visa to a “strong-buy” rating in a report on Tuesday, January 27th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $392.65.

Get Our Latest Stock Analysis on Visa

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the transaction, the chief executive officer directly owned 9,401 shares in the company, valued at $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the sale, the director directly owned 2,679 shares in the company, valued at $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by insiders.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

Visa Stock Performance

NYSE:V opened at $299.09 on Thursday. The firm has a market capitalization of $542.90 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.77 and a beta of 0.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a 12-month low of $298.50 and a 12-month high of $375.51. The firm has a 50-day moving average price of $322.51 and a 200 day moving average price of $335.07.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 earnings per share. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. Visa’s dividend payout ratio (DPR) is presently 25.14%.

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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