Look For Institutional Buying In Visa Inc. (NYSE: V)


    BlackRock Fund Advisors has recently announced that it has increased stake in Visa Inc. (NYSE:V) by 1.49%. After grabbing 83.66 million shares, the institutional investor is now in possession of 1.23 million shares of the Financial Company. The new investment brought the stake of investor firm to 4.96% having worth around $15.93 billion. Moreover, Capital Research & Management Co.. increased its share by 0.51 million to have a control over 22.39 million shares. And Fisher Asset Management LLC raised its holdings to 0.66 million shares by acquiring 20.98 million shares or 1.24% of the stake.

    Visa Inc. (V) concluded trading on 08/26/20 at a closing price of $210.26, with 7.0 million shares of worth about $1.47 billion changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 4.61% during that period and on Wednesday the price saw a gain of about 1.04%. Currently the company’s common shares owned by public are about 1.98B shares, out of which, 1.42B shares are available for trading.

    Analysts also issued an outlook of 1.80 for the Visa Inc. stock for next 12 months.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 104 times over the past 12 months. They bought 828,831 shares in 63 of the transactions. In 41 selling transactions, insiders dumped 663,521 shares.

    Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and Fidelity Contrafund are the top 3 mutual funds which are holding stakes in Visa Inc. Vanguard Total Stock Market Index is currently holding 47.74 million shares of worth totaling $9.09 billion. The company recently came selling -0.12 million shares which brought its stake up to 2.83% of the company’s outstanding shares. Vanguard 500 Index Fund sold -0.21 million shares, after which its hold over company’s outstanding shares shrunk to 2.05%, leaving 34.54 million shares with the mutual fund that have a worth of about $6.58 billion. Fidelity Contrafund, after selling 21.25 million shares, have now control over 1.26% of the stake in the company. It holds -0.99 million shares of worth $4.05 billion.

    Visa Inc. (NYSE: V) started trading at $208.10, below $0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $210.26, or with a gain of 1.04%. Stock saw a price change of 4.61% in past 5 days and over the past one month there was a price change of 6.87%. Year-to-date (YTD), V shares are showing a performance of 11.90% which increased to 17.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $133.93 but also hit the highest price of $214.17 during that period. While comparing its average daily trading volume of 8.10 million shares, we see that about 7.0 million changed hands on the day. The stock is currently trading 6.00% above its 20-day simple moving average (SMA20), while that difference is up 7.27% for SMA50 and it goes to 12.25% higher than SMA200.

    BlackRock Fund Advisors acquired 83.66 million shares of Visa Inc. having value of about $15.93 billion. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 1.23 million shares in the company valued at close to $258607394.66, or have control over 1.49% stake in the company. Visa Inc. (NYSE: V) currently have 1.98B outstanding shares and institutions hold larger chunk of about 96.60% of that. Holding of mutual funds in the company is about 46.67% while other institutional holders and individual stake holders have control over 49.60% and 0.21% of the stake respectively.

    The stock has a current market capitalization of $447.45B and its 3Y-monthly beta is at 0.88. PE ratio of stock for trailing 12 months is 39.98, while it has posted earnings per share of $5.26 in the same period. Its PEG reads 4.05 and has Quick Ratio of 1.60 while making debt-to-equity ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for V, volatility over the week remained 1.43% while standing at 1.84% over the month.

    Analysts are in expectations that Visa Inc. (V) stock would likely to be making an EPS of $1.09 in the current quarter, while forecast for next quarter ESPS is $1.36 and it is $5.82 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.96 which is $1.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.47 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 20.00% while it is estimated to increase by 16.12% in next year. EPS is likely to shrink at an annualized rate of 9.86% for next 5-years, compared to annual growth of 19.80% made by the stock over the past 5-years.

    Analysts at 37 brokerage firms have issued recommendations for the Visa Inc. (V)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 37 Wall Street analysts, 27 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Daiwa Securities on July 21, 2020 offering a Neutral rating for the stock and assigned a target price of $204 to it. Coverage by Goldman stated Visa Inc. (V) stock as a Buy in their note to investors on July 14, 2020, suggesting a price target of $223 for the stock. On June 23, 2020, Oppenheimer Resumed their recommendations, while on June 17, 2020, Citigroup Reiterated their ratings for the stock with a price target of $223. Stock get a Buy rating from SunTrust on June 02, 2020.


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