AEGON ASSET MANAGEMENT UK Plc Has $101.10 Million Stock Position in Visa Inc. (NYSE:V)

AEGON ASSET MANAGEMENT UK Plc lessened its stake in Visa Inc. (NYSE:V) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 367,948 shares of the credit-card processor’s stock after selling 12,449 shares during the quarter. Visa makes up 1.4% of AEGON ASSET MANAGEMENT UK Plc’s holdings, making the stock its 14th biggest position. AEGON ASSET MANAGEMENT UK Plc’s holdings in Visa were worth $101,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. POM Investment Strategies LLC raised its stake in Visa by 970.0% in the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 97 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Visa during the 3rd quarter worth approximately $31,000. TruNorth Capital Management LLC raised its stake in Visa by 211.9% in the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after acquiring an additional 89 shares during the period. Bbjs Financial Advisors LLC acquired a new stake in Visa during the 2nd quarter valued at $35,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in Visa during the second quarter worth $35,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on V. Oppenheimer restated an “outperform” rating and set a $321.00 target price (up previously from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Barclays boosted their price objective on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Compass Point assumed coverage on shares of Visa in a research report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.74.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.19% of the company’s stock.

Visa Price Performance

Shares of V opened at $307.92 on Friday. The stock has a market cap of $561.13 billion, a PE ratio of 31.65, a PEG ratio of 2.06 and a beta of 0.95. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $283.95 and a two-hundred day simple moving average of $274.67. Visa Inc. has a 12-month low of $240.97 and a 12-month high of $311.15.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 earnings per share. Analysts anticipate that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a $0.59 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio is currently 21.38%.

About Visa

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.