Visa Inc. (NYSE:V) is Venator Management LLC's 4th Largest Position

Venator Management LLC trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 103,155 shares of the credit-card processor's stock after selling 2,600 shares during the period. Visa makes up about 9.4% of Venator Management LLC's investment portfolio, making the stock its 4th biggest position. Venator Management LLC's holdings in Visa were worth $32,601,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Hazlett Burt & Watson Inc. lifted its holdings in shares of Visa by 9.6% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 5,427 shares of the credit-card processor's stock valued at $1,719,000 after acquiring an additional 475 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Visa by 13.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 294,904 shares of the credit-card processor's stock valued at $93,201,000 after buying an additional 33,926 shares in the last quarter. Mawer Investment Management Ltd. grew its stake in Visa by 18.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 2,516,435 shares of the credit-card processor's stock worth $795,294,000 after buying an additional 395,372 shares during the last quarter. Martin Currie Ltd. increased its holdings in shares of Visa by 193.9% during the fourth quarter. Martin Currie Ltd. now owns 143,859 shares of the credit-card processor's stock worth $45,465,000 after buying an additional 94,913 shares in the last quarter. Finally, Joseph Group Capital Management boosted its holdings in shares of Visa by 9.9% in the 4th quarter. Joseph Group Capital Management now owns 15,844 shares of the credit-card processor's stock worth $5,007,000 after acquiring an additional 1,422 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Visa Price Performance

V traded up $0.14 on Wednesday, reaching $346.49. The company had a trading volume of 5,624,434 shares, compared to its average volume of 7,155,254. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a market cap of $643.70 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 2.33 and a beta of 0.95. The business has a 50 day simple moving average of $344.68 and a 200 day simple moving average of $316.37.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 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%. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Insider Buying and Selling at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider now directly 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 is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock worth $48,560,961 over the last ninety days. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Friday, January 31st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Bank of America increased their price target on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.