Axiom Investors LLC DE Decreases Stock Position in Visa Inc. (NYSE:V)

Axiom Investors LLC DE lowered its stake in Visa Inc. (NYSE:V) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 551,410 shares of the credit-card processor’s stock after selling 5,698 shares during the quarter. Visa comprises approximately 1.9% of Axiom Investors LLC DE’s holdings, making the stock its 16th largest holding. Axiom Investors LLC DE’s holdings in Visa were worth $130,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of V. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Visa by 107,990.7% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,998,628,576 shares of the credit-card processor’s stock valued at $474,634,314,000 after purchasing an additional 1,996,779,546 shares during the last quarter. State Street Corp grew its stake in Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after acquiring an additional 2,572,159 shares in the last quarter. Morgan Stanley grew its stake in Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after acquiring an additional 5,864,340 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in Visa by 116,608.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after acquiring an additional 24,483,134 shares in the last quarter. Finally, Norges Bank bought a new position in Visa in the 4th quarter worth about $3,067,232,000. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Insider Transactions at Visa

In related news, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $236.14, for a total transaction of $9,445,600.00. Following the sale, the chairman now owns 139,854 shares in the company, valued at $33,025,123.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $236.14, for a total transaction of $9,445,600.00. Following the sale, the chairman now owns 139,854 shares in the company, valued at $33,025,123.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Rajat Taneja sold 15,800 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $250.01, for a total transaction of $3,950,158.00. Following the sale, the insider now owns 232,112 shares in the company, valued at approximately $58,030,321.12. The disclosure for this sale can be found here. Insiders have sold 72,100 shares of company stock worth $17,368,639 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial upped their target price on shares of Visa from $270.00 to $275.00 in a research note on Wednesday, July 26th. StockNews.com assumed coverage on shares of Visa in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. UBS Group assumed coverage on shares of Visa in a research note on Friday, October 20th. They issued a “buy” rating and a $295.00 target price on the stock. Mizuho upped their target price on shares of Visa from $240.00 to $243.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Finally, Credit Suisse Group upped their price target on shares of Visa from $265.00 to $275.00 in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $275.67.

Visa Trading Up 0.2 %

NYSE V opened at $250.06 on Monday. The company has a fifty day simple moving average of $238.42 and a two-hundred day simple moving average of $236.26. The stock has a market cap of $465.57 billion, a P/E ratio of 30.07, a P/E/G ratio of 1.66 and a beta of 0.95. Visa Inc. has a 12-month low of $202.13 and a 12-month high of $250.93. The company has a current ratio of 1.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 24th. The credit-card processor reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.10. The business had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $8.56 billion. Visa had a net margin of 52.90% and a return on equity of 50.13%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company posted $1.93 earnings per share. On average, analysts forecast that Visa Inc. will post 9.9 earnings per share for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Visa’s previous quarterly dividend of $0.45. Visa’s dividend payout ratio is presently 25.09%.

About Visa

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.