Ilmarinen Mutual Pension Insurance Co Boosts Stock Position in Visa Inc. (NYSE:V)

Ilmarinen Mutual Pension Insurance Co raised its position in Visa Inc. (NYSE:V - Free Report) by 52.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 317,960 shares of the credit-card processor's stock after buying an additional 109,000 shares during the quarter. Visa makes up approximately 0.9% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 14th biggest position. Ilmarinen Mutual Pension Insurance Co's holdings in Visa were worth $100,488,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of V. Riverstone Advisors LLC purchased a new stake in Visa during the 4th quarter valued at approximately $217,000. Journey Strategic Wealth LLC lifted its holdings in shares of Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares during the period. King Wealth Management Group increased its stake in Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after buying an additional 6,172 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Visa during the 4th quarter worth $10,163,000. Finally, Copley Financial Group Inc. acquired a new stake in shares of Visa in the 3rd quarter worth $616,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 1.4 %

Shares of NYSE V traded down $4.40 on Tuesday, reaching $307.92. 7,454,366 shares of the company traded hands, compared to its average volume of 7,249,646. The company has a 50 day moving average of $344.58 and a 200 day moving average of $317.46. 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 Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The stock has a market capitalization of $572.04 billion, a PE ratio of 31.04, a P/E/G ratio of 2.33 and a beta of 0.94.

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Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal 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 $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is currently 23.79%.

Analyst Upgrades and Downgrades

V has been the subject of several analyst reports. Piper Sandler reissued an "overweight" rating and set a $383.00 price target (up from $368.00) on shares of Visa in a report on Friday, January 31st. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Bank of America lifted their price target on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. UBS Group increased their price objective on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Morgan Stanley upped their price target on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $355.84.

Insider Activity

In related news, insider Paul D. Fabara sold 39,350 shares of the business'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 transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $188,186.28. This trade represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,205 shares of company stock valued at $48,842,490. Company insiders own 0.13% of the company's stock.

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.