Visa Inc. $V Shares Sold by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments decreased its holdings in Visa Inc. (NYSE:V) by 16.8% in the fourth quarter, Holdings Channel reports. The fund owned 233,941 shares of the credit-card processor’s stock after selling 47,399 shares during the period. Visa accounts for approximately 2.4% of BLI Banque de Luxembourg Investments’ investment portfolio, making the stock its 8th largest holding. BLI Banque de Luxembourg Investments’ holdings in Visa were worth $82,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Beacon Capital Management LLC increased its holdings in shares of Visa by 2.0% during the 3rd quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor’s stock worth $526,000 after buying an additional 30 shares during the last quarter. Chapman Financial Group LLC increased its holdings in shares of Visa by 0.9% during the 3rd quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor’s stock worth $1,096,000 after buying an additional 30 shares during the last quarter. Ransom Advisory Ltd increased its holdings in shares of Visa by 0.3% during the 4th quarter. Ransom Advisory Ltd now owns 9,447 shares of the credit-card processor’s stock worth $3,313,000 after buying an additional 30 shares during the last quarter. TSA Wealth Managment LLC increased its holdings in shares of Visa by 4.9% during the 3rd quarter. TSA Wealth Managment LLC now owns 659 shares of the credit-card processor’s stock worth $225,000 after buying an additional 31 shares during the last quarter. Finally, Bank OZK increased its holdings in shares of Visa by 3.7% during the 3rd quarter. Bank OZK now owns 858 shares of the credit-card processor’s stock worth $293,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on V shares. Truist Financial set a $371.00 price target on shares of Visa and gave the stock a “buy” rating in a report on Tuesday, May 12th. BMO Capital Markets started coverage on shares of Visa in a report on Tuesday, April 21st. They set an “outperform” rating and a $365.00 price target for the company. Sanford C. Bernstein restated an “outperform” rating and set a $450.00 price target on shares of Visa in a report on Tuesday, June 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price target on shares of Visa in a report on Wednesday, April 29th. Finally, Raymond James Financial restated an “outperform” rating and set a $389.00 price target on shares of Visa in a report on Wednesday, April 29th. Six analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $387.78.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 650 shares of Visa stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. The trade was a 19.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the sale, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. This trade represents a 51.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 42,744 shares of company stock valued at $14,356,010. Insiders own 0.12% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $319.51 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. The stock has a market capitalization of $573.12 billion, a PE ratio of 27.83, a P/E/G ratio of 1.73 and a beta of 0.77. The firm has a 50 day moving average of $316.81 and a two-hundred day moving average of $324.48.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter last year, the company posted $2.76 EPS. The firm’s revenue was up 17.1% compared to the same quarter last year. On average, research analysts predict that Visa Inc. will post 13.09 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s payout ratio is 23.34%.

Visa announced that its board has initiated a stock buyback program on Tuesday, April 28th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

About Visa

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.