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

Marathon Asset Management Ltd raised its holdings in shares of Visa Inc. (NYSE:V) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 211,792 shares of the credit-card processor’s stock after purchasing 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 holding. Marathon Asset Management Ltd’s holdings in Visa were worth $66,937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC boosted its stake in shares of Visa by 5.7% during the fourth quarter. Meridian Wealth Management LLC now owns 21,863 shares of the credit-card processor’s stock valued at $6,909,000 after acquiring an additional 1,186 shares during the last quarter. Detalus Advisors LLC lifted its holdings in Visa by 16.8% in the 4th quarter. Detalus Advisors LLC now owns 2,768 shares of the credit-card processor’s stock valued at $875,000 after purchasing an additional 399 shares in the last quarter. Auxano Advisors LLC boosted its stake in shares of Visa by 2.3% during the 4th quarter. Auxano Advisors LLC now owns 10,274 shares of the credit-card processor’s stock worth $3,247,000 after purchasing an additional 227 shares during the last quarter. Keystone Wealth Services LLC grew its holdings in shares of Visa by 1.7% during the fourth quarter. Keystone Wealth Services LLC now owns 4,198 shares of the credit-card processor’s stock worth $1,327,000 after buying an additional 70 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC raised its position in shares of Visa by 65.8% in the fourth quarter. Garrett Wealth Advisory Group LLC now owns 1,650 shares of the credit-card processor’s stock valued at $522,000 after buying an additional 655 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated 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 transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,885 shares of company stock valued at $19,161,447. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on V. Raymond James restated an “outperform” rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna increased their price target on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. Piper Sandler reiterated an “overweight” rating and issued a $383.00 price target (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, UBS Group raised 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. Six investment 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, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Price Performance

V stock opened at $361.60 on Tuesday. The company has a market capitalization of $671.77 billion, a PE ratio of 36.45, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average is $333.92 and its two-hundred day moving average is $306.64. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. Visa’s dividend payout ratio (DPR) is presently 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.