ExodusPoint Capital Management LP Acquires 5,330 Shares of Visa Inc. (NYSE:V)

ExodusPoint Capital Management LP increased its holdings in Visa Inc. (NYSE:V) by 8.5% in the second quarter, HoldingsChannel reports. The firm owned 68,249 shares of the credit-card processor’s stock after purchasing an additional 5,330 shares during the period. ExodusPoint Capital Management LP’s holdings in Visa were worth $16,208,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Paulson Wealth Management Inc. boosted its holdings in Visa by 43.0% during the second quarter. Paulson Wealth Management Inc. now owns 3,398 shares of the credit-card processor’s stock valued at $807,000 after acquiring an additional 1,022 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Visa by 7.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 124,045 shares of the credit-card processor’s stock valued at $29,458,000 after buying an additional 8,217 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Visa during the first quarter valued at about $677,000. CCLA Investment Management raised its position in shares of Visa by 12.0% during the second quarter. CCLA Investment Management now owns 565,685 shares of the credit-card processor’s stock valued at $134,190,000 after buying an additional 60,585 shares during the last quarter. Finally, Blue Chip Partners LLC raised its position in shares of Visa by 3.0% during the second quarter. Blue Chip Partners LLC now owns 83,364 shares of the credit-card processor’s stock valued at $19,797,000 after buying an additional 2,402 shares during the last quarter. 81.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $247.47, for a total transaction of $2,016,880.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Visa news, insider Rajat Taneja sold 9,200 shares of Visa stock in a transaction on Friday, November 17th. The shares were sold at an average price of $250.01, for a total value of $2,300,092.00. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $58,030,321.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Friday, September 1st. The shares were sold at an average price of $247.47, for a total transaction of $2,016,880.50. The disclosure for this sale can be found here. Insiders have sold a total of 81,300 shares of company stock worth $19,668,731 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on V shares. Credit Suisse Group upped their price objective on shares of Visa from $265.00 to $275.00 in a research note on Wednesday, July 26th. Truist Financial increased their price target on shares of Visa from $270.00 to $275.00 in a research note on Wednesday, July 26th. HSBC began coverage on shares of Visa in a research note on Friday, October 13th. They set a “hold” rating and a $266.00 price target on the stock. Susquehanna increased their price target on shares of Visa from $266.00 to $300.00 in a research note on Wednesday, July 26th. Finally, UBS Group began coverage on shares of Visa in a research note on Friday, October 20th. They set a “buy” rating and a $295.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $275.67.

Visa Trading Down 0.2 %

V opened at $249.35 on Tuesday. The firm’s fifty day moving average is $238.48 and its two-hundred day moving average is $236.43. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 1.45. The firm has a market cap of $464.25 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. Visa Inc. has a twelve month low of $202.13 and a twelve month high of $250.93.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 24th. The credit-card processor reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.10. The company had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.56 billion. Visa had a net margin of 52.90% and a return on equity of 50.13%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $1.93 earnings per share. Equities research analysts anticipate that Visa Inc. will post 9.9 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Visa’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, November 8th. Visa’s dividend payout ratio (DPR) is presently 25.09%.

Visa Profile

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.