DnB Asset Management AS Has $659.33 Million Position in Visa Inc. (NYSE:V)

DnB Asset Management AS reduced its stake in shares of Visa Inc. (NYSE:V) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,086,216 shares of the credit-card processor’s stock after selling 407,040 shares during the quarter. Visa accounts for 2.9% of DnB Asset Management AS’s holdings, making the stock its 7th biggest holding. DnB Asset Management AS owned approximately 0.11% of Visa worth $659,328,000 as of its most recent filing with the SEC.

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

Visa Stock Performance

NYSE V opened at $349.82 on Friday. The firm has a market cap of $649.89 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The business has a 50-day moving average price of $343.15 and a 200-day moving average price of $314.66. 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.

Visa (NYSE:V) last posted its quarterly earnings results 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 return on equity of 54.79% and a net margin of 54.27%. As a group, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on V shares. UBS Group increased their price target on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Piper Sandler restated an “overweight” rating and issued a $383.00 target price (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Bank of America upped their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. The Goldman Sachs Group increased their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $355.84.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were 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. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by company insiders.

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.