XML Financial LLC Reduces Stock Holdings in Visa Inc. (NYSE:V)

XML Financial LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 10.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,118 shares of the credit-card processor’s stock after selling 743 shares during the period. XML Financial LLC’s holdings in Visa were worth $1,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Livelsberger Financial Advisory purchased a new position in Visa during the 4th quarter valued at $25,000. Westend Capital Management LLC purchased a new stake in shares of Visa during the first quarter valued at $25,000. Frank Rimerman Advisors LLC purchased a new position in Visa in the 4th quarter worth about $33,000. TruNorth Capital Management LLC lifted its holdings in Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares in the last quarter. Finally, Bbjs Financial Advisors LLC purchased a new stake in Visa in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. Macquarie reaffirmed an “outperform” rating and set a $300.00 target price on shares of Visa in a research report on Wednesday, July 24th. Citigroup decreased their target price on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Evercore ISI lowered their target price on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. JPMorgan Chase & Co. raised their price target on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Wedbush upped their price objective on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $308.50.

Visa Stock Performance

Shares of NYSE V traded up $0.10 during mid-day trading on Wednesday, hitting $268.15. The stock had a trading volume of 6,639,302 shares, compared to its average volume of 7,217,395. The firm has a market cap of $490.42 billion, a PE ratio of 29.96, a PEG ratio of 1.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50 day moving average of $266.06 and a two-hundred day moving average of $273.40. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $2.16 earnings per share. Research analysts predict that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Dividend Announcement

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

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.