Stonebrook Private Inc. Grows Stake in Visa Inc. (NYSE:V)

Stonebrook Private Inc. lifted its stake in shares of Visa Inc. (NYSE:V) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,684 shares of the credit-card processor’s stock after purchasing an additional 717 shares during the period. Stonebrook Private Inc.’s holdings in Visa were worth $2,423,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Nixon Peabody Trust Co. lifted its position in shares of Visa by 12.6% during the first quarter. Nixon Peabody Trust Co. now owns 3,372 shares of the credit-card processor’s stock worth $941,000 after acquiring an additional 378 shares in the last quarter. Keudell Morrison Wealth Management boosted its stake in Visa by 1.4% in the 1st quarter. Keudell Morrison Wealth Management now owns 11,817 shares of the credit-card processor’s stock worth $3,298,000 after purchasing an additional 162 shares during the period. Atomi Financial Group Inc. grew its holdings in Visa by 6.0% during the 1st quarter. Atomi Financial Group Inc. now owns 9,787 shares of the credit-card processor’s stock valued at $2,731,000 after buying an additional 550 shares in the last quarter. Montag A & Associates Inc. increased its position in shares of Visa by 0.3% during the first quarter. Montag A & Associates Inc. now owns 78,422 shares of the credit-card processor’s stock valued at $21,886,000 after buying an additional 242 shares during the period. Finally, TCI Wealth Advisors Inc. lifted its holdings in shares of Visa by 4.0% in the first quarter. TCI Wealth Advisors Inc. now owns 5,312 shares of the credit-card processor’s stock worth $1,482,000 after buying an additional 205 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Visa Trading Up 1.0 %

V traded up $2.71 during midday trading on Monday, reaching $268.45. 6,810,615 shares of the company’s stock traded hands, compared to its average volume of 6,872,419. Visa Inc. has a 52 week low of $227.68 and a 52 week high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a fifty day moving average of $272.82 and a two-hundred day moving average of $274.11. The stock has a market capitalization of $490.98 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 1.85 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 earnings per share. On average, equities analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Wall Street Analyst Weigh In

V has been the subject of several recent analyst reports. Evercore ISI reduced their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Royal Bank of Canada upped their price target on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. TD Cowen started coverage on Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price for the company. Mizuho raised their price target on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Oppenheimer lifted their price target on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $304.44.

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.