Edmond DE Rothschild Holding S.A. Decreases Holdings in Visa Inc. (NYSE:V)

Edmond DE Rothschild Holding S.A. cut its stake in Visa Inc. (NYSE:V) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,930 shares of the credit-card processor’s stock after selling 17,452 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Visa were worth $41,379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of V. Axiom Investors LLC DE lifted its position in shares of Visa by 11.9% during the fourth quarter. Axiom Investors LLC DE now owns 836,418 shares of the credit-card processor’s stock worth $264,342,000 after purchasing an additional 89,206 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its holdings in Visa by 8.7% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 7,238 shares of the credit-card processor’s stock worth $2,288,000 after buying an additional 579 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in Visa by 9.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 5,427 shares of the credit-card processor’s stock worth $1,719,000 after buying an additional 475 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Visa by 13.0% in the 4th 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 during the last quarter. Finally, Mawer Investment Management Ltd. increased its position in shares of 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 acquiring an additional 395,372 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays increased their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. The Goldman Sachs Group increased their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a report on Friday. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $355.84.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, 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 have sold 143,205 shares of company stock valued at $48,560,961 over the last three months. Company insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of NYSE V opened at $342.62 on Monday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The firm has a market cap of $636.51 billion, a P/E ratio of 34.54, a PEG ratio of 2.33 and a beta of 0.95. The stock has a fifty day moving average price of $343.60 and a two-hundred day moving average price of $315.49. 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 (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm 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 was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is 23.79%.

Visa 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.