Rothschild & Co Wealth Management UK Ltd Acquires 3,668 Shares of Visa Inc. $V

Rothschild & Co Wealth Management UK Ltd raised its holdings in shares of Visa Inc. (NYSE:V) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,639 shares of the credit-card processor’s stock after acquiring an additional 3,668 shares during the quarter. Visa comprises approximately 0.4% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 16th biggest holding. Rothschild & Co Wealth Management UK Ltd’s holdings in Visa were worth $23,722,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. Corient Private Wealth LLC raised its holdings in Visa by 110.4% during the 2nd quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock valued at $1,396,930,000 after acquiring an additional 2,075,289 shares during the period. Holocene Advisors LP raised its holdings in Visa by 286.4% during the 3rd quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor’s stock valued at $862,335,000 after acquiring an additional 1,872,362 shares during the period. SG Americas Securities LLC raised its holdings in Visa by 121.7% during the 4th quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor’s stock valued at $1,059,990,000 after acquiring an additional 1,658,954 shares during the period. Danske Bank A S bought a new stake in Visa during the 3rd quarter valued at $565,684,000. Finally, Capital Research Global Investors raised its holdings in Visa by 73.4% during the 3rd quarter. Capital Research Global Investors now owns 3,197,405 shares of the credit-card processor’s stock valued at $1,091,528,000 after acquiring an additional 1,353,441 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares in the company, valued at $829,471.98. The trade was a 19.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on V shares. Daiwa Securities Group raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, February 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $395.00 target price on shares of Visa in a report on Friday, January 30th. Bank of America started coverage on shares of Visa in a report on Thursday, March 5th. They set a “buy” rating and a $410.00 target price on the stock. Macquarie Infrastructure restated an “outperform” rating and set a $410.00 price target on shares of Visa in a research report on Friday, January 30th. Finally, Weiss Ratings lowered shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 16th. Seven equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $387.79.

Visa Stock Up 0.3%

V opened at $309.66 on Friday. The company has a fifty day moving average price of $309.88 and a 200-day moving average price of $328.16. The firm has a market capitalization of $562.09 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 1.77 and a beta of 0.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. Visa Inc. has a one year low of $293.89 and a one year high of $375.51.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The firm had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 EPS. Equities research analysts expect that Visa Inc. will post 12.84 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were 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 was Tuesday, February 10th. Visa’s payout ratio is 25.14%.

Visa 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.