Visa Inc. (NYSE:V) Holdings Lowered by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its stake in Visa Inc. (NYSE:V) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,154,850 shares of the credit-card processor’s stock after selling 56,898 shares during the quarter. Visa makes up 1.2% of Impax Asset Management Group plc’s investment portfolio, making the stock its 26th largest holding. Impax Asset Management Group plc owned about 0.06% of Visa worth $302,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Barn Wealth LLC raised its stake in Visa by 5.3% during the 2nd quarter. Blue Barn Wealth LLC now owns 2,921 shares of the credit-card processor’s stock valued at $767,000 after purchasing an additional 148 shares during the period. Arizona State Retirement System grew its holdings in shares of Visa by 0.9% during the second quarter. Arizona State Retirement System now owns 458,512 shares of the credit-card processor’s stock valued at $120,346,000 after buying an additional 4,299 shares in the last quarter. Denver PWM LLC acquired a new position in Visa during the second quarter valued at $94,000. Defined Wealth Management LLC lifted its stake in Visa by 3.4% in the 2nd quarter. Defined Wealth Management LLC now owns 1,419 shares of the credit-card processor’s stock worth $372,000 after acquiring an additional 46 shares in the last quarter. Finally, Hendershot Investments Inc. boosted its position in Visa by 1.2% during the 2nd quarter. Hendershot Investments Inc. now owns 64,357 shares of the credit-card processor’s stock worth $16,892,000 after acquiring an additional 770 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

NYSE V traded up $1.06 during trading on Friday, hitting $279.68. The company’s stock had a trading volume of 154,904 shares, compared to its average volume of 7,085,082. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market cap of $511.52 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.95. The firm has a 50 day moving average price of $266.18 and a 200 day moving average price of $273.14.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting the consensus estimate of $2.42. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.16 EPS. Equities research analysts forecast that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on V shares. Morgan Stanley dropped their target price on Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Bank of America reiterated a “neutral” rating and issued a $297.00 price objective (down previously from $305.00) on shares of Visa in a research note on Wednesday, July 10th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. William Blair raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group lowered their target price on Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $309.54.

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.