Generation Investment Management LLP Has $455.16 Million Position in Visa Inc. $V

Generation Investment Management LLP lessened its stake in Visa Inc. (NYSE:V) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,333,279 shares of the credit-card processor’s stock after selling 40,206 shares during the period. Visa comprises 3.0% of Generation Investment Management LLP’s portfolio, making the stock its 13th biggest holding. Generation Investment Management LLP’s holdings in Visa were worth $455,155,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Sagard Holdings Management Inc. acquired a new stake in shares of Visa during the 2nd quarter worth approximately $31,000. Bare Financial Services Inc lifted its position in Visa by 287.0% in the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 66 shares during the period. Quaker Wealth Management LLC lifted its position in Visa by 202.7% in the second quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 225 shares during the period. Winnow Wealth LLC acquired a new stake in Visa during the second quarter worth $40,000. Finally, Decker Retirement Planning Inc. bought a new stake in Visa in the 2nd quarter valued at $41,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on V shares. Daiwa Securities Group raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price objective for the company in a report on Monday, February 2nd. Rothschild & Co Redburn set a $385.00 price objective on Visa in a report on Wednesday, January 28th. Raymond James Financial reissued an “outperform” rating and issued a $408.00 target price (up from $398.00) on shares of Visa in a report on Wednesday, October 29th. TD Cowen restated a “buy” rating on shares of Visa in a research report on Friday, January 30th. Finally, Robert W. Baird set a $425.00 price target on Visa in a research report on Wednesday, October 29th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $391.43.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. The trade was a 52.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Visa Price Performance

Shares of V stock opened at $306.22 on Tuesday. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The stock has a market capitalization of $555.84 billion, a PE ratio of 28.73, a PEG ratio of 1.84 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s fifty day moving average is $335.58 and its 200-day moving average is $338.77.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.75 earnings per share. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, February 10th. Visa’s dividend payout ratio is 25.14%.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.