Sustainable Growth Advisers LP Cuts Stock Holdings in Visa Inc. (NYSE:V)

Sustainable Growth Advisers LP lowered its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,549,110 shares of the credit-card processor's stock after selling 726,390 shares during the period. Visa makes up 5.6% of Sustainable Growth Advisers LP's holdings, making the stock its 3rd largest position. Sustainable Growth Advisers LP owned approximately 0.19% of Visa worth $1,121,661,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter worth $27,000. Peterson Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter worth $26,000. POM Investment Strategies LLC raised its stake in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth $32,000. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of NYSE:V opened at $333.01 on Thursday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The business has a 50-day moving average of $337.35 and a two-hundred day moving average of $310.05. The stock has a market capitalization of $618.66 billion, a P/E ratio of 33.57, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Remove Ads

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results 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 return on equity of 54.79% and a net margin of 54.27%. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. Visa's dividend payout ratio is currently 23.79%.

Analyst Ratings Changes

A number of analysts have recently commented on V shares. William Blair reissued an "outperform" rating on shares of Visa in a research note on Friday, January 31st. UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Susquehanna lifted their target price on Visa from $395.00 to $410.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Citigroup restated a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Finally, Raymond James restated an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $353.96.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,505 shares of company stock valued at $22,290,507 over the last quarter. Insiders own 0.13% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.