Sands Capital Management LLC Has $1.43 Billion Holdings in Visa Inc. $V

Sands Capital Management LLC grew its stake in shares of Visa Inc. (NYSE:V) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,030,104 shares of the credit-card processor’s stock after buying an additional 217,062 shares during the quarter. Visa accounts for 4.1% of Sands Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Sands Capital Management LLC owned 0.22% of Visa worth $1,430,889,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the business. BankPlus Wealth Management LLC lifted its position in Visa by 0.9% in the second quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor’s stock valued at $1,185,000 after purchasing an additional 29 shares during the last quarter. Transcendent Capital Group LLC raised its position in Visa by 2.9% during the 2nd quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor’s stock valued at $360,000 after purchasing an additional 29 shares during the last quarter. Interchange Capital Partners LLC lifted its holdings in Visa by 0.5% in the 2nd quarter. Interchange Capital Partners LLC now owns 6,413 shares of the credit-card processor’s stock worth $2,276,000 after buying an additional 30 shares during the period. Academy Capital Management grew its position in shares of Visa by 3.7% in the 1st quarter. Academy Capital Management now owns 860 shares of the credit-card processor’s stock worth $301,000 after buying an additional 31 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID increased its stake in shares of Visa by 12.0% during the first quarter. Legacy Wealth Managment LLC ID now owns 289 shares of the credit-card processor’s stock valued at $101,000 after buying an additional 31 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 2,172 shares of Visa stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider owned 26,413 shares in the company, valued at approximately $8,608,789.09. The trade was a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,117. This represents a 95.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 24,042 shares of company stock worth $8,175,152. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of V opened at $329.53 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The firm has a market cap of $600.31 billion, a PE ratio of 32.28, a P/E/G ratio of 1.96 and a beta of 0.82. The firm has a fifty day simple moving average of $339.22 and a two-hundred day simple moving average of $346.68.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the company posted $2.71 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. This is a positive change from Visa’s previous quarterly dividend of $0.59. Visa’s payout ratio is currently 26.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on V. Raymond James Financial restated an “outperform” rating and issued a $408.00 target price (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 target price on shares of Visa in a research report on Wednesday, October 29th. Morgan Stanley set a $398.00 price target on shares of Visa and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Citigroup raised shares of Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, KeyCorp reaffirmed an “overweight” rating and set a $405.00 target price on shares of Visa in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Visa 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.