Ashburton Jersey Ltd Buys 19,057 Shares of Visa Inc. (NYSE:V)

Ashburton Jersey Ltd increased its holdings in Visa Inc. (NYSE:V - Free Report) by 35.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,831 shares of the credit-card processor's stock after purchasing an additional 19,057 shares during the quarter. Visa accounts for 10.2% of Ashburton Jersey Ltd's holdings, making the stock its 2nd biggest position. Ashburton Jersey Ltd's holdings in Visa were worth $23,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Riverstone Advisors LLC acquired a new position in shares of Visa in the fourth quarter worth $217,000. Journey Strategic Wealth LLC boosted its stake in shares of Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after acquiring an additional 1,361 shares in the last quarter. King Wealth Management Group increased its holdings in shares of Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after acquiring an additional 6,172 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Visa in the 4th quarter valued at approximately $10,163,000. Finally, Copley Financial Group Inc. acquired a new stake in Visa in the 3rd quarter worth approximately $616,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Price Performance

V traded down $11.05 during trading on Thursday, hitting $321.38. The company's stock had a trading volume of 4,276,713 shares, compared to its average volume of 7,261,936. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $597.04 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The firm's 50 day moving average price is $343.06 and its two-hundred day moving average price is $317.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

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Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.73%. Visa's dividend payout ratio (DPR) is currently 23.79%.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This represents a 59.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 over the last quarter. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on V. Susquehanna reissued a "positive" rating on shares of Visa in a research report on Friday, March 21st. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. UBS Group raised their price target on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Barclays boosted their price objective on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $355.84.

Visa Company 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.