Rathbones Group PLC Sells 4,532 Shares of Visa Inc. (NYSE:V)

Rathbones Group PLC lessened its position in Visa Inc. (NYSE:V - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,409,796 shares of the credit-card processor's stock after selling 4,532 shares during the period. Visa comprises about 5.2% of Rathbones Group PLC's portfolio, making the stock its 3rd largest holding. Rathbones Group PLC owned 0.18% of Visa worth $1,077,632,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Visa by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock valued at $12,729,901,000 after buying an additional 1,689,926 shares during the period. Norges Bank bought a new position in shares of Visa during the 4th quarter worth approximately $5,171,271,000. Charles Schwab Investment Management Inc. grew its stake in shares of Visa by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock valued at $3,868,646,000 after buying an additional 718,558 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Visa by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 9,758,703 shares of the credit-card processor's stock worth $3,084,141,000 after purchasing an additional 173,990 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

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Insider Activity

In related 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 completion of the transaction, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock worth $48,842,490 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

Shares of V traded down $6.93 during mid-day trading on Thursday, reaching $325.51. The company had a trading volume of 4,841,717 shares, compared to its average volume of 7,264,257. The stock has a 50 day moving average of $343.06 and a two-hundred day moving average of $317.96. 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 $604.72 billion, a P/E ratio of 32.73, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54.

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

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is currently 23.79%.

Analyst Ratings Changes

A number of analysts have commented on V shares. Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a report on Thursday, February 13th. StockNews.com downgraded shares of Visa from a "buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. upped their price target on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Evercore ISI started coverage on Visa in a research report on Wednesday. They set an "in-line" rating and a $330.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa presently has a consensus 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.