Visa Inc. (NYSE:V) Shares Acquired by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. lifted its position in shares of Visa Inc. (NYSE:V) by 13.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,403 shares of the credit-card processor’s stock after buying an additional 281 shares during the period. Nixon Peabody Trust Co.’s holdings in Visa were worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in V. Vanguard Group Inc. increased its holdings in Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock valued at $50,378,465,000 after purchasing an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC increased its holdings in Visa by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor’s stock valued at $12,729,901,000 after purchasing an additional 1,689,926 shares during the last quarter. Capital International Investors boosted its position in Visa by 3.8% in the 4th quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor’s stock valued at $7,526,660,000 after buying an additional 866,596 shares during the period. Capital World Investors boosted its position in Visa by 1.0% in the 4th quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor’s stock valued at $7,356,614,000 after buying an additional 241,057 shares during the period. Finally, Northern Trust Corp boosted its position in Visa by 18.0% in the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor’s stock valued at $5,771,116,000 after buying an additional 2,785,707 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. This represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,328 shares of company stock valued at $38,419,222 over the last ninety days. Insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of V opened at $366.12 on Wednesday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15. The stock has a market cap of $675.56 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a fifty day moving average price of $344.15 and a 200 day moving average price of $334.49.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the previous year, the company earned $2.51 earnings per share. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. Visa’s dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on V shares. Oppenheimer reissued an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Truist Financial started coverage on shares of Visa in a research report on Monday. They issued a “buy” rating and a $400.00 price target for the company. The Goldman Sachs Group started coverage on shares of Visa in a research report on Monday. They issued a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $367.48.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.