Visa Inc. (NYSE:V) Shares Sold by Hengistbury Investment Partners LLP

Hengistbury Investment Partners LLP reduced its position in Visa Inc. (NYSE:V) by 32.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,533 shares of the credit-card processor’s stock after selling 121,505 shares during the period. Visa makes up approximately 57.3% of Hengistbury Investment Partners LLP’s holdings, making the stock its largest holding. Hengistbury Investment Partners LLP’s holdings in Visa were worth $78,546,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of V. Potomac Fund Management Inc. ADV acquired a new position in shares of Visa during the 4th quarter valued at $328,000. Alliance Wealth Management Group purchased a new position in Visa in the fourth quarter valued at about $210,000. OV Management LLC lifted its stake in shares of Visa by 6.9% during the fourth quarter. OV Management LLC now owns 15,261 shares of the credit-card processor’s stock worth $4,823,000 after purchasing an additional 986 shares in the last quarter. Trexquant Investment LP boosted its position in shares of Visa by 1,251.8% in the fourth quarter. Trexquant Investment LP now owns 104,047 shares of the credit-card processor’s stock worth $32,883,000 after buying an additional 96,350 shares during the period. Finally, May Hill Capital LLC acquired a new stake in shares of Visa in the fourth quarter valued at about $786,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $346.80 on Wednesday. The company has a market cap of $644.28 billion, a P/E ratio of 34.96, a PEG ratio of 2.33 and a beta of 0.95. The business has a 50 day moving average of $344.68 and a two-hundred day moving average of $316.37. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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, analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

Analysts Set New Price Targets

Several research firms recently commented on V. Barclays boosted their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Oppenheimer reissued an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. UBS Group upped their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Bank of America lifted their price target on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a research report on Friday, January 31st. 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 stock. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $355.84.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,560,961 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

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.