Visa Inc. $V Shares Sold by Generation Investment Management LLP

Generation Investment Management LLP reduced its holdings in Visa Inc. (NYSE:V) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,333,279 shares of the credit-card processor’s stock after selling 40,206 shares during the quarter. Visa accounts for 3.0% of Generation Investment Management LLP’s holdings, making the stock its 13th biggest position. Generation Investment Management LLP owned about 0.07% of Visa worth $455,155,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in V. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Visa by 2.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 7,826 shares of the credit-card processor’s stock valued at $2,671,000 after buying an additional 220 shares in the last quarter. Fortis Capital Management LLC grew its holdings in shares of Visa by 7.2% in the 3rd quarter. Fortis Capital Management LLC now owns 22,123 shares of the credit-card processor’s stock worth $7,552,000 after acquiring an additional 1,493 shares during the last quarter. Private Advisory Group LLC grew its holdings in shares of Visa by 10.7% in the 3rd quarter. Private Advisory Group LLC now owns 4,005 shares of the credit-card processor’s stock worth $1,367,000 after acquiring an additional 387 shares during the last quarter. Trajan Wealth LLC raised its position in shares of Visa by 12.1% during the third quarter. Trajan Wealth LLC now owns 89,290 shares of the credit-card processor’s stock worth $30,482,000 after purchasing an additional 9,609 shares during the period. Finally, American Money Management LLC lifted its holdings in shares of Visa by 2.0% during the third quarter. American Money Management LLC now owns 35,745 shares of the credit-card processor’s stock valued at $12,203,000 after purchasing an additional 712 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was 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 directly owned 9,401 shares in the company, valued at $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. Cantor Fitzgerald raised Visa to a “strong-buy” rating in a research note on Tuesday, January 27th. TD Cowen reiterated a “buy” rating on shares of Visa in a report on Friday, January 30th. UBS Group restated a “buy” rating on shares of Visa in a report on Tuesday, January 13th. Daiwa Securities Group raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price objective for the company in a research note on Monday, February 2nd. Finally, Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a research report on Wednesday, January 28th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $391.43.

Visa Price Performance

NYSE V opened at $306.22 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $555.84 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79. The company has a 50 day simple moving average of $335.58 and a 200-day simple moving average of $338.77. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51.

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

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, February 10th. Visa’s payout ratio is currently 25.14%.

Visa Company Profile

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.