Rathbones Group PLC Cuts Stock Position in Visa Inc. (NYSE:V)

Rathbones Group PLC cut its holdings in Visa Inc. (NYSE:V) by 0.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,409,796 shares of the credit-card processor’s stock after selling 4,532 shares during the quarter. Visa comprises 5.2% of Rathbones Group PLC’s holdings, making the stock its 3rd biggest position. Rathbones Group PLC owned approximately 0.18% of Visa worth $1,077,632,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in Visa in the 4th quarter valued at approximately $5,171,271,000. Vanguard Group Inc. lifted its position in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock worth $50,378,465,000 after buying an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Visa during the 4th quarter worth about $1,955,403,000. Proficio Capital Partners LLC grew its holdings in shares of Visa by 17,018.7% in the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor’s stock valued at $1,248,079,000 after acquiring an additional 3,926,049 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Visa by 7.7% in the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor’s stock valued at $10,601,135,000 after acquiring an additional 2,772,549 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research note on Friday, March 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Morgan Stanley raised their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $355.84.

Insider Buying and Selling at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of V opened at $313.46 on Monday. The business has a 50-day simple moving average of $345.02 and a two-hundred day simple moving average of $317.27. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The stock has a market cap of $582.34 billion, a PE ratio of 31.60, a PEG ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.75%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.