PGGM Investments Has $22.47 Million Stock Position in Visa Inc. (NYSE:V)

PGGM Investments cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 56.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,103 shares of the credit-card processor's stock after selling 92,037 shares during the period. PGGM Investments' holdings in Visa were worth $22,471,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in V. Swedbank AB grew its position in shares of Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor's stock worth $566,153,000 after purchasing an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC boosted its stake in shares of Visa by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock valued at $29,242,000 after buying an additional 610 shares during the period. Pettinga Financial Advisors LLC bought a new stake in shares of Visa in the third quarter valued at approximately $228,000. Principal Financial Group Inc. grew its position in Visa by 7.7% during the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock worth $1,576,366,000 after buying an additional 411,210 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Visa during the 3rd quarter worth $660,000. Institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. StockNews.com downgraded shares of Visa from a "buy" rating to a "hold" rating in a research note on Wednesday. Morgan Stanley increased their price target on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Susquehanna boosted their price objective on shares of Visa from $395.00 to $410.00 and gave the company a "positive" rating in a research report on Friday, February 21st. Finally, UBS Group upped their target price on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $353.96.

Remove Ads

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company's stock, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,931. The trade was a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,505 shares of company stock worth $22,290,507. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

Shares of NYSE:V opened at $333.01 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The firm has a market cap of $618.66 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The firm's fifty day moving average is $337.35 and its 200-day moving average is $310.05.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.