14B Captial Management LP Trims Position in Visa Inc. $V

Key Points

• 14B Capital Management LP has reduced its stake in Visa Inc. by 34.6%, now holding 83,000 shares valued at approximately $29.09 million, making Visa the firm's third-largest holding.
• Visa reported a quarterly earnings per share (EPS) of $2.98, surpassing estimates, with revenue growth of 14.3% year-over-year to $10.17 billion.
• The company has recently declared a quarterly dividend of $0.59 per share, contributing to a 0.7% yield for investors.

14B Captial Management LP decreased its position in Visa Inc. (NYSE:V - Free Report) by 34.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,000 shares of the credit-card processor's stock after selling 44,000 shares during the quarter. Visa makes up 12.1% of 14B Captial Management LP's portfolio, making the stock its 3rd biggest position. 14B Captial Management LP's holdings in Visa were worth $29,088,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of V. FWL Investment Management LLC boosted its position in Visa by 0.5% in the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after purchasing an additional 29 shares during the last quarter. Yeomans Consulting Group Inc. increased its stake in Visa by 2.9% in the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after acquiring an additional 29 shares during the last quarter. Semus Wealth Partners LLC boosted its holdings in shares of Visa by 0.8% in the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock worth $1,209,000 after purchasing an additional 29 shares during the period. Headinvest LLC boosted its holdings in Visa by 0.8% during the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after acquiring an additional 30 shares during the period. Finally, Kennebec Savings Bank boosted its holdings in Visa by 0.9% during the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock valued at $1,182,000 after acquiring an additional 30 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the transaction, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,293 shares of company stock worth $8,114,295 in the last quarter. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the subject of several research reports. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Macquarie upped their target price on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. The Goldman Sachs Group initiated coverage on Visa in a research report on Monday, June 2nd. They set a "neutral" rating on the stock. Jefferies Financial Group increased their price objective on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, UBS Group reissued a "buy" rating and issued a $415.00 price objective (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $385.96.

Visa Trading Down 2.3%

Shares of NYSE V traded down $7.98 during trading on Friday, reaching $343.02. The stock had a trading volume of 5,447,231 shares, compared to its average volume of 5,060,212. Visa Inc. has a fifty-two week low of $268.23 and a fifty-two week high of $375.51. The company has a market cap of $628.67 billion, a P/E ratio of 33.50, a PEG ratio of 2.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The business's 50-day moving average price is $348.51 and its 200-day moving average price is $347.22.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.Visa's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 EPS. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's payout ratio is 23.05%.

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.