Two Sigma Advisers LP Has $451.30 Million Stock Holdings in Visa Inc (NYSE:V)

Two Sigma Advisers LP lifted its stake in Visa Inc (NYSE:V) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,336,268 shares of the credit-card processor’s stock after acquiring an additional 210,500 shares during the period. Visa makes up about 1.3% of Two Sigma Advisers LP’s holdings, making the stock its 5th largest holding. Two Sigma Advisers LP’s holdings in Visa were worth $451,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Emerald Advisors LLC raised its position in shares of Visa by 2.1% in the second quarter. Emerald Advisors LLC now owns 2,428 shares of the credit-card processor’s stock worth $469,000 after buying an additional 51 shares in the last quarter. BEAM Asset Management LLC raised its position in shares of Visa by 2.0% in the second quarter. BEAM Asset Management LLC now owns 2,654 shares of the credit-card processor’s stock worth $525,000 after buying an additional 52 shares in the last quarter. Perennial Investment Advisors LLC raised its position in shares of Visa by 2.6% in the second quarter. Perennial Investment Advisors LLC now owns 2,023 shares of the credit-card processor’s stock worth $391,000 after buying an additional 52 shares in the last quarter. Trellis Advisors LLC raised its position in Visa by 2.2% during the second quarter. Trellis Advisors LLC now owns 2,419 shares of the credit-card processor’s stock valued at $467,000 after purchasing an additional 52 shares in the last quarter. Finally, Atlas Private Wealth Management raised its position in Visa by 0.6% during the second quarter. Atlas Private Wealth Management now owns 9,459 shares of the credit-card processor’s stock valued at $1,827,000 after purchasing an additional 53 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

V has been the topic of several analyst reports. Piper Sandler lifted their price objective on Visa from $200.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Mizuho assumed coverage on Visa in a research note on Wednesday, August 26th. They issued a “buy” rating and a $250.00 target price on the stock. Bank of America lifted their price objective on Visa from $227.00 to $234.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $243.00 price objective on shares of Visa in a research report on Sunday. Finally, Morgan Stanley lifted their target price on shares of Visa from $196.00 to $203.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Six equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Visa currently has an average rating of “Buy” and a consensus price target of $213.34.

V traded down $0.26 during mid-day trading on Wednesday, reaching $205.13. 6,086,668 shares of the company traded hands, compared to its average volume of 10,498,058. Visa Inc has a 52-week low of $133.93 and a 52-week high of $217.35. The company’s fifty day moving average price is $201.86 and its 200-day moving average price is $186.80. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $398.44 billion, a P/E ratio of 39.07, a P/E/G ratio of 3.05 and a beta of 0.90.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. Visa had a net margin of 51.37% and a return on equity of 40.65%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The company’s revenue for the quarter was down 18.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Visa Inc will post 5.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, August 13th. Visa’s payout ratio is 22.06%.

In related news, Director Lloyd Carney sold 1,550 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $192.64, for a total value of $298,592.00. Following the completion of the transaction, the director now owns 2,962 shares of the company’s stock, valued at approximately $570,599.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rajat Taneja sold 45,036 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $210.00, for a total transaction of $9,457,560.00. In the last three months, insiders have sold 118,122 shares of company stock valued at $24,683,231. Insiders own 0.19% of the company’s stock.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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