Visa Inc. (NYSE:V) Shares Bought by Marathon Asset Management Ltd

Marathon Asset Management Ltd grew its position in Visa Inc. (NYSE:V) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,792 shares of the credit-card processor’s stock after buying an additional 17,071 shares during the period. Visa accounts for approximately 1.9% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 12th largest position. Marathon Asset Management Ltd’s holdings in Visa were worth $66,937,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the 4th quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the 3rd quarter valued at $26,000. POM Investment Strategies LLC raised its holdings in shares of 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 period. Finally, Modus Advisors LLC acquired a new position in Visa during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

V has been the topic of several recent research reports. Barclays upped their target price on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Susquehanna increased their price target on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research report on Friday, February 21st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Bank of America increased their price objective on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Six 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $353.96.

Visa Stock Down 0.3 %

Shares of NYSE:V opened at $361.60 on Tuesday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $671.77 billion, a P/E ratio of 36.45, a P/E/G ratio of 2.33 and a beta of 0.97. The firm has a fifty day moving average price of $333.92 and a 200 day moving average price of $306.64.

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, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 dividend on an annualized basis and a yield of 0.65%. 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.