Visa Inc. $V Holdings Boosted by Schroder Investment Management Group

Schroder Investment Management Group lifted its stake in shares of Visa Inc. (NYSE:V) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,977,324 shares of the credit-card processor’s stock after purchasing an additional 361,491 shares during the period. Visa comprises 2.1% of Schroder Investment Management Group’s investment portfolio, making the stock its 8th biggest position. Schroder Investment Management Group owned about 0.38% of Visa worth $2,477,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of V. Keystone Global Partners LLC acquired a new position in shares of Visa during the first quarter valued at approximately $26,000. Family Legacy Financial Solutions LLC acquired a new position in Visa during the second quarter worth $28,000. Harbor Asset Planning Inc. purchased a new position in shares of Visa during the 2nd quarter worth $29,000. Cranbrook Wealth Management LLC lifted its stake in Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 41 shares in the last quarter. Finally, Hoese & Co LLP purchased a new position in shares of Visa during the second quarter worth $36,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the completion of the sale, the director directly owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 24,042 shares of company stock worth $8,175,152. Insiders own 0.13% of the company’s stock.

Visa Price Performance

V stock opened at $334.67 on Friday. The business has a 50 day moving average price of $339.68 and a 200 day moving average price of $347.28. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The stock has a market cap of $609.67 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 1.98 and a beta of 0.87. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the firm earned $2.71 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio is currently 26.25%.

Analysts Set New Price Targets

Several research firms recently issued reports on V. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Citigroup upgraded shares of Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Raymond James Financial reissued an “outperform” rating and issued a $408.00 price objective (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 target price on shares of Visa in a report on Wednesday, October 29th. Finally, Macquarie lowered their price objective on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $400.00.

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.