Skandinaviska Enskilda Banken AB publ Has $298.68 Million Holdings in Visa Inc. $V

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of Visa Inc. (NYSE:V) by 19.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 874,546 shares of the credit-card processor’s stock after selling 212,014 shares during the period. Visa accounts for approximately 1.2% of Skandinaviska Enskilda Banken AB publ’s investment portfolio, making the stock its 11th biggest position. Skandinaviska Enskilda Banken AB publ’s holdings in Visa were worth $298,684,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Visa during the 2nd quarter worth about $7,034,939,000. TCI Fund Management Ltd. lifted its stake in Visa by 14.6% in the 2nd quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor’s stock valued at $6,769,936,000 after purchasing an additional 2,429,996 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Visa by 110.4% during the second quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock worth $1,396,930,000 after purchasing an additional 2,075,289 shares during the period. Vanguard Group Inc. increased its position in Visa by 0.9% during the second quarter. Vanguard Group Inc. now owns 162,544,006 shares of the credit-card processor’s stock worth $57,711,249,000 after buying an additional 1,461,575 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Visa by 2.5% during the second quarter. Geode Capital Management LLC now owns 43,096,802 shares of the credit-card processor’s stock worth $15,253,245,000 after buying an additional 1,067,631 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the transaction, the insider directly owned 26,413 shares of the company’s stock, valued at $8,608,789.09. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on V. UBS Group reaffirmed a “buy” rating on shares of Visa in a research report on Tuesday, January 13th. Cantor Fitzgerald raised Visa to a “strong-buy” rating in a report on Tuesday, January 27th. Bank of America raised shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 price objective for the company in a research report on Thursday, December 11th. Daiwa America raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Evercore set a $380.00 target price on shares of Visa in a report on Friday, December 12th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Visa has a consensus rating of “Buy” and an average target price of $392.21.

Visa Stock Performance

Shares of NYSE:V opened at $314.13 on Tuesday. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The company’s 50 day moving average price is $337.74 and its two-hundred day moving average price is $339.51. The firm has a market cap of $570.19 billion, a PE ratio of 29.47, a PEG ratio of 1.80 and a beta of 0.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 earnings per share. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, February 10th. Visa’s dividend payout ratio is presently 25.14%.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.