Marsico Capital Management LLC Decreases Stock Position in Visa Inc. (NYSE:V)

Marsico Capital Management LLC decreased its position in Visa Inc. (NYSE:VFree Report) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,716 shares of the credit-card processor’s stock after selling 21,050 shares during the quarter. Visa accounts for about 2.3% of Marsico Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Marsico Capital Management LLC’s holdings in Visa were worth $54,677,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hibernia Wealth Partners LLC bought a new position in Visa during the third quarter worth $25,000. West Tower Group LLC acquired a new position in shares of Visa during the second quarter valued at $30,000. Nalls Sherbakoff Group LLC increased its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the period. Financial Freedom LLC acquired a new position in shares of Visa during the fourth quarter valued at $32,000. Finally, FNY Investment Advisers LLC grew its holdings in Visa by 227.7% during the third quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor’s stock worth $35,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 81.35% of the company’s stock.

Insider Buying and Selling at Visa

In other news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,472 shares of company stock valued at $25,695,420. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Down 0.1 %

Shares of Visa stock traded down $0.38 on Monday, hitting $276.05. The company had a trading volume of 1,367,621 shares, compared to its average volume of 5,451,696. The stock has a market capitalization of $506.97 billion, a price-to-earnings ratio of 31.81, a P/E/G ratio of 1.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50 day moving average of $264.58 and a 200-day moving average of $249.42. Visa Inc. has a 1 year low of $208.76 and a 1 year high of $279.99.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter last year, the business posted $2.18 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that Visa Inc. will post 9.91 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s payout ratio is 23.94%.

Wall Street Analyst Weigh In

A number of brokerages have commented on V. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 26th. KeyCorp lifted their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Keefe, Bruyette & Woods lifted their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Citigroup lifted their price target on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Susquehanna lifted their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.55.

Read Our Latest Report on V

Visa Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.