Visa Inc. $V Shares Sold by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. reduced its stake in shares of Visa Inc. (NYSE:V - Free Report) by 13.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 489,233 shares of the credit-card processor's stock after selling 75,089 shares during the period. Visa makes up about 1.8% of Van Lanschot Kempen Investment Management N.V.'s holdings, making the stock its 13th largest position. Van Lanschot Kempen Investment Management N.V.'s holdings in Visa were worth $171,457,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Academy Capital Management boosted its position in shares of Visa by 3.7% during the 1st quarter. Academy Capital Management now owns 860 shares of the credit-card processor's stock worth $301,000 after purchasing an additional 31 shares in the last quarter. JT Stratford LLC boosted its position in shares of Visa by 146.1% during the 1st quarter. JT Stratford LLC now owns 7,480 shares of the credit-card processor's stock worth $2,621,000 after purchasing an additional 4,440 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Visa by 5.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 518,002 shares of the credit-card processor's stock worth $181,539,000 after purchasing an additional 24,915 shares in the last quarter. Legacy Financial Advisors Inc. boosted its position in shares of Visa by 0.8% during the 1st quarter. Legacy Financial Advisors Inc. now owns 13,585 shares of the credit-card processor's stock worth $4,761,000 after purchasing an additional 109 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc boosted its position in shares of Visa by 78.0% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 7,437 shares of the credit-card processor's stock worth $2,606,000 after purchasing an additional 3,260 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on V. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Oppenheimer boosted 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. Barclays reissued an "overweight" rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. William Blair reissued an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Morgan Stanley upped their target price on shares of Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $380.84.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. This represents a 63.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,127 shares of company stock worth $28,340,553 in the last three months. Company insiders own 0.13% of the company's stock.

Visa Trading Up 0.4%

Shares of V stock traded up $1.54 during trading hours on Wednesday, hitting $343.99. 5,831,705 shares of the company were exchanged, compared to its average volume of 6,355,473. The firm has a market cap of $630.46 billion, a PE ratio of 33.59, a PEG ratio of 2.28 and a beta of 0.94. Visa Inc. has a 1 year low of $265.31 and a 1 year high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $349.13 and a 200 day moving average of $347.41.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.13. The business 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 revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.42 EPS. Analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

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

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.