Visa Inc. (NYSE:V) Shares Purchased by Capital International Sarl

Capital International Sarl lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,371 shares of the credit-card processor's stock after purchasing an additional 11,846 shares during the quarter. Visa accounts for approximately 1.2% of Capital International Sarl's portfolio, making the stock its 20th largest holding. Capital International Sarl's holdings in Visa were worth $51,632,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Visa during the 4th quarter worth about $5,171,271,000. Vanguard Group Inc. increased its stake in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after buying an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Visa during the fourth quarter valued at approximately $1,955,403,000. Proficio Capital Partners LLC boosted its stake in shares of Visa by 17,018.7% in the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after acquiring an additional 3,926,049 shares during the last quarter. Finally, Sanders Capital LLC purchased a new stake in Visa during the 4th quarter valued at about $623,022,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,205 shares of company stock worth $48,842,490. Insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of V traded down $2.07 during trading hours on Friday, reaching $329.26. The company had a trading volume of 5,640,095 shares, compared to its average volume of 7,224,873. The company has a market capitalization of $611.69 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm has a 50 day simple moving average of $340.68 and a 200-day simple moving average of $320.74. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.72%. Visa's dividend payout ratio (DPR) is currently 23.79%.

Analysts Set New Price Targets

V has been the subject of several research reports. Citigroup reiterated a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Wells Fargo & Company raised their price objective on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and set a $383.00 target price (up from $368.00) on shares of Visa in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group upped their price objective on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $355.84.

Visa 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.