Livforsakringsbolaget Skandia Omsesidigt Raises Stock Holdings in Visa Inc. (NYSE:V)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Visa Inc. (NYSE:V) by 9.4% in the fourth quarter, HoldingsChannel reports. The firm owned 63,315 shares of the credit-card processor’s stock after buying an additional 5,450 shares during the quarter. Visa makes up approximately 1.1% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 13th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Visa were worth $20,010,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in Visa in the 4th quarter valued at about $26,000. Peterson Financial Group Inc. purchased a new stake in Visa in the third quarter valued at approximately $26,000. Modus Advisors LLC acquired a new position in Visa during the fourth quarter worth approximately $32,000. Reston Wealth Management LLC acquired a new position in shares of Visa in the 3rd quarter valued at $31,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Visa during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup lifted their target price on Visa from $354.00 to $393.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group lifted their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Bank of America increased their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. BMO Capital Markets upped their price target on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Trading Up 0.2 %

Visa stock opened at $348.26 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The firm’s 50-day moving average is $321.08 and its 200-day moving average is $295.90. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25. The company has a market cap of $647.00 billion, a P/E ratio of 35.11, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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, equities analysts expect that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s payout ratio is 23.79%.

Insiders Place Their Bets

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock worth $19,830,050 over the last ninety days. 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.