Visa Inc. (NYSE:V) Stock Holdings Lifted by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG increased its holdings in shares of Visa Inc. (NYSE:V) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 639,608 shares of the credit-card processor’s stock after buying an additional 14,367 shares during the quarter. Visa accounts for about 4.4% of Bank Pictet & Cie Europe AG’s portfolio, making the stock its 5th largest position. Bank Pictet & Cie Europe AG’s holdings in Visa were worth $202,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Roman Butler Fullerton & Co. lifted its position in Visa by 0.7% during the 4th quarter. Roman Butler Fullerton & Co. now owns 4,785 shares of the credit-card processor’s stock worth $1,601,000 after acquiring an additional 35 shares during the period. AustralianSuper Pty Ltd lifted its position in Visa by 21.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,407,551 shares of the credit-card processor’s stock worth $444,842,000 after acquiring an additional 245,121 shares during the period. Kanawha Capital Management LLC lifted its position in Visa by 2.8% during the 4th quarter. Kanawha Capital Management LLC now owns 3,517 shares of the credit-card processor’s stock worth $1,111,000 after acquiring an additional 95 shares during the period. Campbell Wealth Management acquired a new stake in Visa during the 4th quarter worth about $272,000. Finally, Asset Planning Inc acquired a new stake in Visa during the 4th quarter worth about $272,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Mizuho lifted their price target on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the 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 disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock worth $19,830,050 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

NYSE:V opened at $353.73 on Monday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $356.08. The stock has a 50 day moving average of $325.14 and a two-hundred day moving average of $299.19. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The firm has a market cap of $657.15 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.