Visa Inc. (NYSE:V) Shares Acquired by Clear Rock Advisors LLC

Clear Rock Advisors LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,608 shares of the credit-card processor’s stock after buying an additional 176 shares during the period. Visa makes up approximately 1.5% of Clear Rock Advisors LLC’s holdings, making the stock its 18th largest position. Clear Rock Advisors LLC’s holdings in Visa were worth $3,519,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in V. Livelsberger Financial Advisory purchased a new stake in shares of Visa in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new stake in Visa in the first quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa during the 4th quarter worth $32,000. Frank Rimerman Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth $33,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Visa in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.2 %

Shares of Visa stock traded up $0.65 during trading hours on Friday, hitting $266.58. The company’s stock had a trading volume of 7,017,857 shares, compared to its average volume of 7,476,283. The business has a fifty day moving average of $268.91 and a 200 day moving average of $274.24. The company has a market capitalization of $487.56 billion, a PE ratio of 29.79, a P/E/G ratio of 1.88 and a beta of 0.95. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.42. The business had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $2.16 EPS. As a group, equities analysts forecast that Visa Inc. will post 9.91 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

V has been the topic of several recent analyst reports. Bank of America restated a “neutral” rating and set a $297.00 target price (down from $305.00) on shares of Visa in a research report on Wednesday, July 10th. StockNews.com lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Tuesday. TD Cowen lowered their target price on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Royal Bank of Canada lowered their price target on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, Oppenheimer increased their price target on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.25.

Visa Company 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.