Visa Inc. (NYSE:V) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of Visa Inc. (NYSE:V) by 8.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,580,091 shares of the credit-card processor’s stock after acquiring an additional 117,463 shares during the period. Visa accounts for about 0.7% of Russell Investments Group Ltd.’s investment portfolio, making the stock its 14th largest holding. Russell Investments Group Ltd.’s holdings in Visa were worth $499,257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverstone Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth about $217,000. Journey Strategic Wealth LLC lifted its holdings in shares of Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after acquiring an additional 1,361 shares in the last quarter. King Wealth Management Group boosted its position in Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after purchasing an additional 6,172 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Visa in the 4th quarter valued at $10,163,000. Finally, Copley Financial Group Inc. purchased a new position in Visa in the third quarter valued at about $616,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now owns 26,413 shares of the company’s stock, valued at $8,991,249.33. The trade was a 59.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by company insiders.

Visa Stock Down 7.6 %

Shares of Visa stock opened at $313.46 on Friday. The stock has a market capitalization of $582.34 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $345.02 and its 200-day simple moving average is $316.89.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is presently 23.79%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on V. JPMorgan Chase & Co. increased their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Susquehanna restated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Finally, StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, March 28th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $355.84.

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.