Osterweis Capital Management Inc. Has $48.35 Million Holdings in Visa Inc. $V

Key Points

• Osterweis Capital Management Inc. reduced its holdings in Visa Inc. by 6.0%, now owning 137,963 shares worth approximately $48.35 million, making Visa its 22nd largest investment.
• Visa reported earnings per share of $2.98 for its last quarter, exceeding analyst expectations, and showed a revenue growth of 14.3% compared to the previous year.
• The company announced a quarterly dividend of $0.59 per share, with an annualized yield of 0.7%, set to be paid to shareholders on September 2nd.

Osterweis Capital Management Inc. decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,963 shares of the credit-card processor's stock after selling 8,729 shares during the period. Visa comprises 0.0% of Osterweis Capital Management Inc.'s holdings, making the stock its 22nd largest holding. Osterweis Capital Management Inc.'s holdings in Visa were worth $48,351,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in V. Keystone Global Partners LLC bought a new position in Visa in the 1st quarter valued at approximately $26,000. von Borstel & Associates Inc. bought a new position in shares of Visa during the first quarter valued at $27,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa during the fourth quarter valued at $47,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the first quarter valued at $54,000. Finally, Global X Japan Co. Ltd. bought a new position in shares of Visa during the first quarter valued at $56,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Down 0.1%

V opened at $342.51 on Wednesday. The firm has a market capitalization of $627.75 billion, a P/E ratio of 33.45, a PEG ratio of 2.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a fifty-two week low of $265.31 and a fifty-two week high of $375.51. The company's 50-day moving average is $349.13 and its 200 day moving average is $347.41.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.42 earnings per share. Research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's dividend payout ratio is 23.05%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on V shares. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Truist Financial decreased their price objective on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Jefferies Financial Group increased their price objective on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Citigroup assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Visa in a report on Monday, June 2nd. They issued a "neutral" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $380.84.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,127 shares of company stock valued at $28,340,553. 0.13% of the stock is owned by insiders.

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.

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