AIA Group Ltd Has $54.98 Million Holdings in Visa Inc. (NYSE:V)

AIA Group Ltd raised its holdings in shares of Visa Inc. (NYSE:V) by 16.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 211,168 shares of the credit-card processor’s stock after acquiring an additional 29,651 shares during the period. Visa makes up 2.3% of AIA Group Ltd’s holdings, making the stock its 7th largest position. AIA Group Ltd’s holdings in Visa were worth $54,978,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BCK Partners Inc. bought a new stake in shares of Visa in the 1st quarter valued at $2,717,000. Markel Corp increased its position in shares of Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after buying an additional 3,065 shares in the last quarter. AMI Investment Management Inc. bought a new stake in shares of Visa in the 1st quarter valued at $2,323,000. Ergoteles LLC bought a new stake in shares of Visa in the 1st quarter valued at $538,000. Finally, XTX Topco Ltd bought a new stake in shares of Visa in the 1st quarter valued at $1,496,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold 18,965 shares of company stock worth $5,256,352 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on V shares. Barclays upped their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. TD Cowen initiated coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price for the company. Wells Fargo & Company upped their target price on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Keefe, Bruyette & Woods upped their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Susquehanna upped their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Visa Stock Performance

NYSE V opened at $269.71 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $495.33 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 1.87 and a beta of 0.96. The firm’s 50 day simple moving average is $279.58 and its 200 day simple moving average is $262.89. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS. As a group, research analysts expect that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio is currently 23.94%.

Visa Company 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.