Vontobel Holding Ltd. Boosts Stock Position in Visa Inc. (NYSE:V)

Posted by Defense World Staff on Jun 24th, 2023

Vontobel Holding Ltd. boosted its holdings in shares of Visa Inc. (NYSE:V – Get Rating) by 43.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 591,538 shares of the credit-card processor’s stock after acquiring an additional 179,576 shares during the quarter. Visa accounts for 0.8% of Vontobel Holding Ltd.’s portfolio, making the stock its 28th biggest holding. Vontobel Holding Ltd.’s holdings in Visa were worth $133,368,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of V. Vanguard Group Inc. lifted its holdings in shares of Visa by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 145,236,910 shares of the credit-card processor’s stock worth $25,801,337,000 after buying an additional 912,545 shares during the period. Morgan Stanley lifted its holdings in shares of 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 buying an additional 5,864,340 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Visa by 4.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,100,136 shares of the credit-card processor’s stock worth $10,616,564,000 after buying an additional 2,216,275 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Visa by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 32,221,146 shares of the credit-card processor’s stock worth $6,683,673,000 after buying an additional 640,839 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Visa by 7.0% in the 3rd quarter. Alliancebernstein L.P. now owns 27,141,800 shares of the credit-card processor’s stock worth $4,821,741,000 after buying an additional 1,785,695 shares during the period. Hedge funds and other institutional investors own 84.92% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CFO Vasant M. Prabhu sold 40,000 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $231.36, for a total transaction of $9,254,400.00. Following the transaction, the chief financial officer now owns 73,638 shares in the company, valued at $17,036,887.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, CFO Vasant M. Prabhu sold 13,343 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $234.26, for a total transaction of $3,125,731.18. Following the completion of the transaction, the chief financial officer now owns 73,638 shares of the company’s stock, valued at $17,250,437.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vasant M. Prabhu sold 40,000 shares of the stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $231.36, for a total value of $9,254,400.00. Following the transaction, the chief financial officer now directly owns 73,638 shares of the company’s stock, valued at approximately $17,036,887.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,277 shares of company stock worth $27,018,374. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on V. Royal Bank of Canada upped their target price on Visa from $262.00 to $265.00 in a report on Wednesday, April 26th. Barclays upped their target price on Visa from $270.00 to $272.00 in a report on Monday, May 1st. Raymond James boosted their price target on Visa from $281.00 to $282.00 in a research report on Wednesday, April 26th. 22nd Century Group reissued a “maintains” rating on shares of Visa in a research report on Wednesday, April 26th. Finally, BMO Capital Markets boosted their price target on Visa from $253.00 to $263.00 in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.08.

Visa Stock Up 0.5 %

Shares of V opened at $229.55 on Friday. Visa Inc. has a 52 week low of $174.60 and a 52 week high of $235.57. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $430.02 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 1.75 and a beta of 0.97. The stock’s 50-day moving average price is $228.61 and its 200-day moving average price is $223.07.

Visa (NYSE:V – Get Rating) last issued its earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. Visa had a return on equity of 50.21% and a net margin of 50.95%. The firm had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $7.79 billion. During the same quarter in the prior year, the business earned $1.79 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts predict that Visa Inc. will post 8.59 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.80 dividend on an annualized basis and a yield of 0.78%. Visa’s dividend payout ratio is currently 24.06%.

Visa Company Profile

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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.