Lebenthal Global Advisors LLC Increases Stock Holdings in Visa Inc. (NYSE:V)

Lebenthal Global Advisors LLC increased its stake in shares of Visa Inc. (NYSE:V) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,168 shares of the credit-card processor’s stock after purchasing an additional 52 shares during the period. Lebenthal Global Advisors LLC’s holdings in Visa were worth $1,357,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of V. GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in shares of Visa by 1,215.7% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,786 shares of the credit-card processor’s stock valued at $43,943,000 after purchasing an additional 155,957 shares in the last quarter. Sage Mountain Advisors LLC increased its position in shares of Visa by 7.9% in the 4th quarter. Sage Mountain Advisors LLC now owns 10,722 shares of the credit-card processor’s stock worth $2,791,000 after purchasing an additional 788 shares during the last quarter. RWA Wealth Partners LLC raised its stake in shares of Visa by 120.5% in the 4th quarter. RWA Wealth Partners LLC now owns 175,196 shares of the credit-card processor’s stock valued at $45,612,000 after purchasing an additional 95,756 shares in the last quarter. Garrison Asset Management LLC lifted its position in shares of Visa by 63.2% during the fourth quarter. Garrison Asset Management LLC now owns 1,882 shares of the credit-card processor’s stock worth $490,000 after purchasing an additional 729 shares during the last quarter. Finally, Aspire Private Capital LLC increased its holdings in Visa by 4.3% in the fourth quarter. Aspire Private Capital LLC now owns 3,189 shares of the credit-card processor’s stock valued at $830,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on V shares. Royal Bank of Canada reduced their price objective on Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Piper Sandler decreased their price target on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Morgan Stanley dropped their price objective on shares of Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. William Blair upgraded Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Finally, Macquarie reiterated an “outperform” rating and set a $300.00 price target on shares of Visa in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $308.50.

Visa Price Performance

V traded down $0.50 during trading on Friday, reaching $267.44. The stock had a trading volume of 3,697,448 shares, compared to its average volume of 7,178,655. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96. The firm has a market capitalization of $489.13 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $265.93 and a two-hundred day moving average of $273.30.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting analysts’ consensus estimates of $2.42. The company 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 quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.16 earnings per share. As a group, equities analysts anticipate that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Announces Dividend

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