Robeco Institutional Asset Management B.V. Acquires 48,607 Shares of Visa Inc. (NYSE:V)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Visa Inc. (NYSE:V) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,164,116 shares of the credit-card processor’s stock after purchasing an additional 48,607 shares during the period. Visa makes up approximately 1.3% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 8th largest holding. Robeco Institutional Asset Management B.V. owned 0.12% of Visa worth $683,947,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of V. Custom Index Systems LLC bought a new position in Visa during the third quarter valued at about $731,000. Copley Financial Group Inc. bought a new position in Visa during the third quarter valued at about $616,000. Oak Ridge Investments LLC boosted its position in shares of Visa by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after purchasing an additional 4,198 shares during the period. FORA Capital LLC acquired a new position in shares of Visa in the 3rd quarter valued at $7,987,000. Finally, Chicago Capital LLC boosted its position in shares of Visa by 5.2% in the 3rd quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock valued at $111,331,000 after purchasing an additional 20,023 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Down 0.3 %

Shares of V stock opened at $342.05 on Friday. The stock’s 50 day simple moving average is $317.09 and its 200 day simple moving average is $292.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.25. The company has a market capitalization of $637.19 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.27 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. As a group, research analysts predict that Visa Inc. will post 11.18 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is 24.25%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays increased their price target on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Oppenheimer increased their price target on Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley increased their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Jefferies Financial Group increased their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, UBS Group increased their price target on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $352.27.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.