AEGON ASSET MANAGEMENT UK Plc Sells 10,970 Shares of Visa Inc. $V

Key Points

• AEGON ASSET MANAGEMENT UK Plc sold 10,970 Visa shares in Q4, trimming its position by 4.7% to 222,030 shares worth $77.9 million, making Visa 0.9% of its holdings and its 21st largest holding.
• Analysts have an average rating of Buy with a consensus target of $387.79, and Visa recently beat quarterly expectations (EPS $3.17 vs. $3.14) with revenue of $10.90 billion, up 14.6% year‑over‑year.
• Director Lloyd Carney sold 650 shares and institutional investors own about 82.15% of Visa; the company has a market cap near $562 billion and a P/E of 29.05.

AEGON ASSET MANAGEMENT UK Plc decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 222,030 shares of the credit-card processor's stock after selling 10,970 shares during the quarter. Visa makes up 0.9% of AEGON ASSET MANAGEMENT UK Plc's holdings, making the stock its 21st largest holding. AEGON ASSET MANAGEMENT UK Plc's holdings in Visa were worth $77,904,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after acquiring an additional 6,883 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after purchasing an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in Visa by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor's stock worth $3,834,000 after purchasing an additional 477 shares during the period. Matrix Asset Advisors Inc. NY boosted its stake in Visa by 16.9% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor's stock worth $402,000 after purchasing an additional 164 shares during the period. Finally, Schnieders Capital Management LLC. grew its holdings in Visa by 13.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor's stock valued at $6,521,000 after buying an additional 2,230 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on V. Freedom Capital upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 16th. BMO Capital Markets started coverage on shares of Visa in a research note on Tuesday, April 21st. They set an "outperform" rating and a $365.00 target price for the company. Weiss Ratings downgraded shares of Visa from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, April 16th. Morgan Stanley reiterated an "overweight" rating and issued a $411.00 price target (up from $398.00) on shares of Visa in a research note on Friday, January 30th. Finally, Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a report on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $387.79.

Insider Activity at Visa

In other news, Director Lloyd Carney sold 650 shares of the business's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director directly owned 2,679 shares in the company, valued at $829,471.98. The trade was a 19.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is owned by insiders.

Visa Stock Up 0.1%

Shares of V opened at $309.68 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $562.11 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 1.78 and a beta of 0.80. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $375.51. The business's 50 day simple moving average is $309.79 and its 200-day simple moving average is $327.57.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. The company had revenue of $10.90 billion for the quarter, compared to analysts' expectations of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. Visa's quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.75 earnings per share. As a group, equities analysts expect that Visa Inc. will post 12.84 earnings per share for the current fiscal year.

Visa 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.

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