Handelsbanken Fonder AB Has $147.63 Million Stock Position in Visa Inc. (NYSE:V)

Handelsbanken Fonder AB boosted its position in Visa Inc. (NYSE:V) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 567,038 shares of the credit-card processor’s stock after acquiring an additional 37,125 shares during the period. Visa accounts for about 0.7% of Handelsbanken Fonder AB’s holdings, making the stock its 21st biggest position. Handelsbanken Fonder AB’s holdings in Visa were worth $147,628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. GoalVest Advisory LLC boosted its holdings in Visa by 3.4% in the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after purchasing an additional 40 shares during the period. Destiny Wealth Partners LLC lifted its holdings in Visa by 2.5% during the 4th quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after buying an additional 40 shares during the last quarter. Sunflower Bank N.A. lifted its holdings in Visa by 1.3% during the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after buying an additional 41 shares during the last quarter. Parker Financial LLC lifted its holdings in Visa by 4.8% during the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after buying an additional 42 shares during the last quarter. Finally, Patron Partners LLC increased its position in shares of Visa by 1.0% during the fourth quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock worth $1,118,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on V. Raymond James lifted their target price on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Wedbush upped their price objective on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. KeyCorp upped their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Finally, Citigroup increased their target price on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,965 shares of company stock valued at $5,256,352. Insiders own 0.19% of the company’s stock.

Visa Stock Up 0.9 %

Shares of Visa stock opened at $272.31 on Tuesday. The business has a 50-day moving average of $279.52 and a 200-day moving average of $263.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $500.10 billion, a PE ratio of 31.34, a P/E/G ratio of 1.86 and a beta of 0.96. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96.

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

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is 23.94%.

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.