Visa Inc. $V Shares Acquired by Hyperion Asset Management Ltd

Key Points

• Hyperion Asset Management Ltd increased its ownership in Visa Inc. by 15.2%, owning 278,677 shares valued at approximately $98.9 million, making Visa its 13th largest holding.
• Visa reported an EPS of $2.98 for the last quarter, exceeding analysts' expectations, with revenue also surpassing forecasts at $10.17 billion, a 14.3% year-over-year increase.
• Analysts have a consensus rating of "Moderate Buy" for Visa, with a price target averaging at $385.96, indicating strong market confidence in the company's prospects.

Hyperion Asset Management Ltd grew its stake in Visa Inc. (NYSE:V - Free Report) by 15.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 278,677 shares of the credit-card processor's stock after buying an additional 36,803 shares during the period. Visa accounts for 3.1% of Hyperion Asset Management Ltd's investment portfolio, making the stock its 13th largest holding. Hyperion Asset Management Ltd's holdings in Visa were worth $98,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of V. Brighton Jones LLC boosted its holdings in shares of Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after buying an additional 4,817 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new position in shares of Visa in the 4th quarter valued at $85,000. Aegis Wealth Management LLC acquired a new position in shares of Visa in the 4th quarter valued at $300,000. Finally, Mattson Financial Services LLC boosted its stake in Visa by 27.8% during the 4th quarter. Mattson Financial Services LLC now owns 11,113 shares of the credit-card processor's stock worth $3,512,000 after purchasing an additional 2,415 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Down 0.0%

V stock opened at $338.69 on Thursday. Visa Inc. has a one year low of $268.23 and a one year high of $375.51. The stock has a market capitalization of $620.75 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.25 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 company has a fifty day moving average of $345.19 and a 200-day moving average of $346.27.

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. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same quarter last year, the business earned $2.42 EPS. The business's revenue was up 14.3% on a year-over-year basis. As a group, analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Insider Transactions at Visa

In other 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 value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on V. Macquarie increased their price target on shares of Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. UBS Group reiterated a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Morgan Stanley increased their price target on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a research note on Thursday, July 17th. They set a "buy" rating and a $410.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus price target of $385.96.

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.

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