Seilern Investment Management Ltd Makes New Investment in Visa Inc. (NYSE:V)

Seilern Investment Management Ltd acquired a new position in shares of Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 39,900 shares of the credit-card processor's stock, valued at approximately $12,610,000. Visa accounts for about 0.7% of Seilern Investment Management Ltd's investment portfolio, making the stock its 17th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Peterson Financial Group Inc. bought a new stake in Visa in the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in Visa during the third quarter worth about $31,000. Modus Advisors LLC bought a new stake in Visa during the fourth quarter worth about $32,000. Finally, West Financial Advisors LLC grew its stake in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor's stock worth $40,000 after buying an additional 73 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

Visa stock traded down $0.81 during midday trading on Wednesday, hitting $322.82. The company's stock had a trading volume of 2,401,058 shares, compared to its average volume of 5,484,071. The company has a market cap of $601.38 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 2.15 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $325.74. The company has a 50-day moving average price of $313.86 and a two-hundred day moving average price of $289.47. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the business posted $2.33 EPS. The business's revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.73%. Visa's dividend payout ratio (DPR) is currently 24.25%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on V. Barclays upped their target price on shares of Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Morgan Stanley upped their target price on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. TD Cowen upped their target price on shares of Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price objective on shares of Visa from $325.00 to $360.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $332.81.

Visa Profile

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.