Skandinaviska Enskilda Banken AB publ Cuts Stake in Visa Inc. (NYSE:V)

Skandinaviska Enskilda Banken AB publ lessened its stake in Visa Inc. (NYSE:V - Free Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,249,310 shares of the credit-card processor's stock after selling 115,519 shares during the quarter. Visa accounts for about 1.8% of Skandinaviska Enskilda Banken AB publ's investment portfolio, making the stock its 9th biggest holding. Skandinaviska Enskilda Banken AB publ owned about 0.07% of Visa worth $395,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in V. Erste Asset Management GmbH raised its position in Visa by 2.0% in the 4th quarter. Erste Asset Management GmbH now owns 517,523 shares of the credit-card processor's stock valued at $154,629,000 after buying an additional 9,922 shares during the last quarter. Tredje AP fonden raised its holdings in shares of Visa by 21.5% in the fourth quarter. Tredje AP fonden now owns 398,789 shares of the credit-card processor's stock valued at $126,033,000 after purchasing an additional 70,490 shares during the last quarter. Vestcor Inc raised its holdings in shares of Visa by 1.6% in the fourth quarter. Vestcor Inc now owns 60,289 shares of the credit-card processor's stock valued at $19,054,000 after purchasing an additional 962 shares during the last quarter. Mascoma Wealth Management LLC lifted its position in shares of Visa by 10.1% in the fourth quarter. Mascoma Wealth Management LLC now owns 1,697 shares of the credit-card processor's stock worth $536,000 after purchasing an additional 155 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Visa by 1.0% during the fourth quarter. Swiss National Bank now owns 4,719,000 shares of the credit-card processor's stock worth $1,491,393,000 after purchasing an additional 46,600 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Shares of V stock opened at $333.01 on Thursday. The business has a fifty day simple moving average of $337.35 and a 200 day simple moving average of $310.05. The company has a market cap of $618.66 billion, a P/E ratio of 33.57, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54.

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Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company's stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,505 shares of company stock worth $22,290,507 in the last 90 days. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Piper Sandler reissued an "overweight" rating and set a $383.00 price target (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Bank of America increased their price target on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Susquehanna boosted their price target on Visa from $395.00 to $410.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. Finally, StockNews.com cut Visa from a "buy" rating to a "hold" rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $353.96.

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.

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