JB Capital LLC Has $3.72 Million Position in Visa Inc. (NYSE:V)

JB Capital LLC boosted its position in shares of Visa Inc. (NYSE:V) by 5.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,174 shares of the credit-card processor’s stock after purchasing an additional 735 shares during the period. JB Capital LLC’s holdings in Visa were worth $3,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of V. Long Run Wealth Advisors LLC grew its position in Visa by 2.5% in the first quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s stock valued at $424,000 after acquiring an additional 37 shares during the period. Alaethes Wealth LLC increased its position in shares of Visa by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock valued at $2,302,000 after buying an additional 37 shares in the last quarter. Jessup Wealth Management Inc increased its stake in Visa by 0.7% during the 1st quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after purchasing an additional 37 shares in the last quarter. Cordatus Wealth Management LLC raised its holdings in shares of Visa by 0.3% during the first quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock worth $3,012,000 after acquiring an additional 37 shares during the period. Finally, Aurora Private Wealth Inc. boosted its position in Visa by 3.8% during the 1st quarter. Aurora Private Wealth Inc. now owns 1,036 shares of the credit-card processor’s stock worth $289,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.2 %

V traded down $0.42 during trading hours on Friday, hitting $267.52. 2,351,252 shares of the company’s stock were exchanged, compared to its average volume of 7,170,417. The firm has a market cap of $489.28 billion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. The firm has a 50 day moving average of $265.99 and a 200 day moving average of $273.36. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last issued 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. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same quarter last year, the company posted $2.16 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts predict that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on V shares. Mizuho lifted their price objective on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. TD Cowen cut their price objective 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 target price on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Citigroup dropped their price target on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Bank of America reiterated a “neutral” rating and set a $297.00 price target (down from $305.00) on shares of Visa in a research report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $308.50.

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.