Visa Inc. $V Stock Holdings Increased by Banco Santander S.A.

Banco Santander S.A. increased its holdings in Visa Inc. (NYSE:V) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,157 shares of the credit-card processor’s stock after purchasing an additional 14,490 shares during the quarter. Visa accounts for 0.8% of Banco Santander S.A.’s holdings, making the stock its 19th biggest position. Banco Santander S.A.’s holdings in Visa were worth $87,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Keystone Global Partners LLC acquired a new stake in shares of Visa during the first quarter valued at approximately $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa during the first quarter valued at approximately $27,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Visa during the second quarter valued at approximately $28,000. Harbor Asset Planning Inc. acquired a new stake in shares of Visa during the second quarter valued at approximately $29,000. Finally, Cranbrook Wealth Management LLC raised its holdings in shares of Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after acquiring an additional 41 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

Shares of V opened at $347.51 on Wednesday. The company’s fifty day moving average is $344.99 and its 200-day moving average is $348.25. Visa Inc. has a 12 month low of $281.35 and a 12 month high of $375.51. The firm has a market cap of $636.92 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.06 and a beta of 0.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business posted $2.71 EPS. Visa’s quarterly revenue was up 11.5% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Wells Fargo & Company raised shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a research report on Thursday, July 17th. They set a “buy” rating and a $410.00 price objective on the stock. Barclays reaffirmed an “overweight” rating and set a $408.00 price objective (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Finally, KeyCorp reaffirmed an “overweight” rating and set a $405.00 price objective on shares of Visa in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $392.75.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,815.10. This represents a 95.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.13% of the company’s stock.

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.