Rothschild & Co Wealth Management UK Ltd Buys 1,627 Shares of Visa Inc. (NYSE:V)

Rothschild & Co Wealth Management UK Ltd lifted its stake in Visa Inc. (NYSE:V) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,014 shares of the credit-card processor’s stock after purchasing an additional 1,627 shares during the quarter. Visa comprises approximately 0.2% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 15th largest position. Rothschild & Co Wealth Management UK Ltd’s holdings in Visa were worth $13,802,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in V. Hibernia Wealth Partners LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new position in Visa in the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in Visa in the 4th quarter valued at approximately $32,000. Financial Freedom LLC bought a new position in Visa in the 4th quarter valued at approximately $32,000. Finally, Nalls Sherbakoff Group LLC lifted its position in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Trading Down 0.5 %

Shares of V stock opened at $271.37 on Friday. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $498.37 billion, a PE ratio of 31.23, a PEG ratio of 1.88 and a beta of 0.96. The stock has a fifty day simple moving average of $279.71 and a two-hundred day simple moving average of $262.62.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.18 EPS. On average, analysts predict that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on V shares. Mizuho reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. TD Cowen started coverage on shares of Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Finally, Evercore ISI boosted their target price on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $298.43.

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.