Egerton Capital UK LLP Sells 317,207 Shares of Visa Inc. (NYSE:V)

Egerton Capital UK LLP lowered its holdings in shares of Visa Inc. (NYSE:V) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 862,868 shares of the credit-card processor’s stock after selling 317,207 shares during the quarter. Visa accounts for about 3.2% of Egerton Capital UK LLP’s portfolio, making the stock its 16th biggest position. Egerton Capital UK LLP’s holdings in Visa were worth $272,701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in Visa in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the 4th quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC raised its holdings in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in Visa during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 2.8 %

NYSE V opened at $331.93 on Wednesday. The company’s 50 day simple moving average is $337.01 and its 200 day simple moving average is $309.89. The company has a market capitalization of $616.65 billion, a P/E ratio of 33.46, a PEG ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is 23.79%.

Analyst Ratings Changes

Several analysts have recently weighed in on V shares. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Barclays upped their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold a total of 64,505 shares of company stock valued at $22,290,507 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

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.