Visa Inc. $V Holdings Raised by United Advisor Group LLC

by · The Markets Daily

United Advisor Group LLC grew its stake in shares of Visa Inc. (NYSE:VFree Report) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,304 shares of the credit-card processor’s stock after acquiring an additional 398 shares during the period. United Advisor Group LLC’s holdings in Visa were worth $2,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake 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 grew its position in Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares in the last quarter. Kingsman Wealth Management Inc. bought a new stake in Visa in the first quarter worth approximately $1,935,000. Capital & Planning LLC increased its stake in shares of Visa by 25.1% during the 1st quarter. Capital & Planning LLC now owns 1,187 shares of the credit-card processor’s stock worth $416,000 after purchasing an additional 238 shares during the last quarter. Finally, Morse Asset Management Inc raised its holdings in shares of Visa by 17.3% during the 1st quarter. Morse Asset Management Inc now owns 326 shares of the credit-card processor’s stock valued at $114,000 after purchasing an additional 48 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on V. Citigroup upgraded shares of Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Macquarie decreased their price target on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 price objective on Visa in a research note on Wednesday, October 29th. UBS Group set a $425.00 target price on Visa and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $408.00 price target (up previously from $398.00) on shares of Visa in a report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Get Our Latest Stock Report on V

Insider Activity at Visa

In other Visa news, Director Lloyd Carney sold 900 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the transaction, the director owned 2,468 shares in the company, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at $183,117. This represents a 95.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,870 shares of company stock worth $7,467,233 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

NYSE:V opened at $325.64 on Tuesday. The stock has a market capitalization of $593.24 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87. 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 50 day moving average of $341.83 and a 200-day moving average of $348.59.

Visa (NYSE:VGet Free Report) last announced its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.71 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

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

About Visa

(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.

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