Livforsakringsbolaget Skandia Omsesidigt Has $23.09 Million Stake in Visa Inc. (NYSE:V)

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Visa Inc. (NYSE:V) by 4.1% in the 1st quarter, Holdings Channel reports. The firm owned 65,915 shares of the credit-card processor’s stock after buying an additional 2,600 shares during the period. Visa accounts for about 1.3% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 9th largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Visa were worth $23,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 acquiring an additional 1,689,926 shares during the last quarter. Capital International Investors lifted its stake in shares of 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 acquiring an additional 866,596 shares during the last quarter. Capital World Investors lifted its stake in shares of 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 acquiring an additional 241,057 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of 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 acquiring an additional 2,785,707 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,162 shares of company stock valued at $58,645,479. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on V shares. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Wall Street Zen upgraded Visa from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. The Goldman Sachs Group started coverage on Visa in a research note on Monday, June 2nd. They issued a “neutral” rating for the company. Piper Sandler increased their price target on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Finally, Truist Financial initiated coverage on Visa in a research note on Monday, June 2nd. They issued a “buy” rating and a $400.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $372.80.

Visa Stock Performance

Shares of Visa stock opened at $366.72 on Tuesday. Visa Inc. has a one year low of $252.70 and a one year high of $371.00. The firm has a market capitalization of $676.66 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 2.33 and a beta of 0.94. The business has a 50-day simple moving average of $345.86 and a 200 day simple moving average of $336.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.51 EPS. On average, 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, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa’s dividend payout ratio is currently 23.72%.

About Visa

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.