Rothschild & Co Wealth Management UK Ltd Increases Stock Position in Visa Inc. (NYSE:V)

Key Points

• Rothschild & Co Wealth Management UK Ltd increased its stake in Visa Inc. by 5.0%, holding 58,428 shares worth approximately $20.48 million, making Visa the firm's 15th largest position.
• Visa reported earnings per share (EPS) of $2.76 for the recent quarter, exceeding analyst estimates and showing a 9.3% year-over-year revenue growth to $9.59 billion.
• The company announced a quarterly dividend of $0.59, with a yield of 0.67% and a payout ratio of 23.72%, reflecting strong profit margins.

Rothschild & Co Wealth Management UK Ltd increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,428 shares of the credit-card processor's stock after purchasing an additional 2,773 shares during the period. Visa makes up approximately 0.3% of Rothschild & Co Wealth Management UK Ltd's investment portfolio, making the stock its 15th largest holding. Rothschild & Co Wealth Management UK Ltd's holdings in Visa were worth $20,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the 1st quarter valued at $27,000. Measured Risk Portfolios Inc. acquired a new stake in Visa during the fourth quarter worth approximately $47,000. Navigoe LLC acquired a new stake in Visa in the fourth quarter worth $53,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the first quarter valued at approximately $54,000. Finally, Hurley Capital LLC acquired a new position in shares of Visa during the fourth quarter valued at about $56,000. Institutional investors own 82.15% of the company's stock.

Visa Stock Performance

Shares of Visa stock traded up $2.96 on Friday, reaching $356.93. 3,915,274 shares of the stock were exchanged, compared to its average volume of 5,404,370. Visa Inc. has a twelve month low of $254.51 and a twelve month high of $375.51. The business has a 50 day moving average price of $356.30 and a two-hundred day moving average price of $345.22. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $658.60 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 2.41 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the firm earned $2.51 EPS. The business's revenue for the quarter was up 9.3% on a year-over-year basis. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is presently 23.72%.

Analyst Ratings Changes

Several analysts have commented on V shares. Oppenheimer lifted their price objective on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target for the company. Barclays reaffirmed an "overweight" rating on shares of Visa in a research note on Friday, June 13th. The Goldman Sachs Group assumed coverage on Visa in a research report on Monday, June 2nd. They set a "neutral" rating for the company. Finally, Jefferies Financial Group increased their target price on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $375.52.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the 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. This represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,108 shares of company stock worth $36,771,200. Corporate insiders own 0.13% of the company's stock.

Visa Company 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.