Invesco Ltd. Sells 868,132 Shares of Visa Inc. $V

Invesco Ltd. lowered its position in shares of Visa Inc. (NYSE:VFree Report) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,045,373 shares of the credit-card processor’s stock after selling 868,132 shares during the quarter. Visa accounts for about 0.6% of Invesco Ltd.’s investment portfolio, making the stock its 15th biggest holding. Invesco Ltd.’s holdings in Visa were worth $3,873,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of V. Clayton Financial Group LLC raised its holdings in shares of Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after acquiring an additional 58 shares during the period. PayPay Securities Corp boosted its stake in Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 38 shares during the period. Cresta Advisors Ltd. bought a new position in Visa during the 4th quarter worth about $26,000. Parvin Asset Management LLC increased its holdings in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Finally, Dorato Capital Management acquired a new stake in shares of Visa in the 4th quarter valued at about $30,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.8%

Shares of V opened at $327.67 on Friday. The stock has a market capitalization of $587.76 billion, a PE ratio of 28.54, a P/E/G ratio of 1.76 and a beta of 0.77. The firm’s 50 day moving average is $320.85 and its 200-day moving average is $324.21. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $359.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.21. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $2.76 EPS. Equities research analysts forecast that Visa Inc. will post 13.09 EPS for the current year.

Visa declared that its board has authorized a share buyback plan on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, May 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio is 23.34%.

Visa News Summary

Here are the key news stories impacting Visa this week:

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This represents a 67.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the sale, the chief financial officer owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This trade represents a 51.87% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on V. Raymond James Financial reissued an “outperform” rating and issued a $389.00 target price on shares of Visa in a research report on Wednesday, April 29th. Evercore set a $350.00 price target on shares of Visa in a research note on Wednesday, April 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 target price on shares of Visa in a report on Wednesday, April 29th. Truist Financial set a $371.00 price target on Visa and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Bank of America initiated coverage on Visa in a research report on Thursday, March 5th. They issued a “buy” rating and a $410.00 price objective for the company. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Visa currently has an average rating of “Buy” and a consensus price target of $387.78.

Get Our Latest Stock Analysis on V

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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