Nordea Investment Management AB Buys 14,778 Shares of Visa Inc. (NYSE:V)

Nordea Investment Management AB raised its holdings in Visa Inc. (NYSE:V - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,079,682 shares of the credit-card processor's stock after purchasing an additional 14,778 shares during the quarter. Visa accounts for approximately 1.4% of Nordea Investment Management AB's investment portfolio, making the stock its 8th biggest holding. Nordea Investment Management AB owned 0.22% of Visa worth $1,292,321,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in Visa by 4.5% in the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after acquiring an additional 3,327,977 shares in the last quarter. FMR LLC raised its position in shares of Visa by 6.1% during the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock worth $15,702,901,000 after purchasing an additional 3,265,518 shares during the last quarter. Geode Capital Management LLC increased its stake in Visa by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after buying an additional 2,772,549 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Visa by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 14,610,590 shares of the credit-card processor's stock valued at $3,833,981,000 after acquiring an additional 345,829 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Visa by 2.2% in the second quarter. Legal & General Group Plc now owns 14,416,394 shares of the credit-card processor's stock worth $3,783,857,000 after acquiring an additional 312,286 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company's stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Visa Trading Down 0.7 %

V traded down $2.07 during midday trading on Monday, hitting $312.84. The company's stock had a trading volume of 6,565,997 shares, compared to its average volume of 5,403,562. The firm has a market cap of $582.78 billion, a P/E ratio of 32.15, a PEG ratio of 2.11 and a beta of 0.96. The firm has a 50-day moving average price of $309.73 and a two-hundred day moving average price of $285.76. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the business posted $2.33 EPS. The business's quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio (DPR) is 24.25%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on V. Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Visa in a report on Tuesday, September 24th. Mizuho lifted their price objective on Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Oppenheimer boosted their price target on shares of Visa from $321.00 to $375.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Jefferies Financial Group lifted their target price on Visa from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their price target on Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $329.70.

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.