Osmosis Investment Management UK Ltd Has $19.13 Million Holdings in Visa Inc. $V

Osmosis Investment Management UK Ltd decreased its position in shares of Visa Inc. (NYSE:V) by 49.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,770 shares of the credit-card processor’s stock after selling 53,631 shares during the quarter. Visa comprises 0.9% of Osmosis Investment Management UK Ltd’s holdings, making the stock its 19th largest holding. Osmosis Investment Management UK Ltd’s holdings in Visa were worth $19,134,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of V. Brighton Jones LLC grew its holdings in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after buying an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in shares of Visa by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after acquiring an additional 477 shares during the last quarter. Matrix Asset Advisors Inc. NY raised its holdings in shares of Visa by 16.9% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock worth $402,000 after acquiring an additional 164 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in Visa by 13.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock valued at $6,521,000 after acquiring an additional 2,230 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on V shares. Susquehanna reiterated a “positive” rating and set a $427.00 price target (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. BNP Paribas Exane upgraded Visa to a “strong-buy” rating in a research note on Tuesday, July 21st. Truist Financial set a $406.00 price objective on shares of Visa and gave the stock a “buy” rating in a report on Wednesday, August 5th. BMO Capital Markets upped their target price on shares of Visa from $387.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Visa from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $413.58.

Visa Stock Up 0.0%

Visa stock opened at $371.09 on Monday. The firm has a 50 day simple moving average of $353.73 and a 200 day simple moving average of $329.61. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $373.97. The firm has a market capitalization of $662.18 billion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 1.99 and a beta of 0.74.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. During the same quarter in the prior year, the firm posted $2.98 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts predict that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.68 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is currently 22.79%.

Visa announced that its board has authorized a share buyback program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at $6,625,440. This trade represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the transaction, the insider directly owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. This represents a 53.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,759 shares of company stock worth $32,375,779 over the last ninety days. 0.12% of the stock is owned by corporate insiders.

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.