JGP Wealth Management LLC Has $936,000 Position in Visa Inc. (NYSE:V)

JGP Wealth Management LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 5.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,405 shares of the credit-card processor’s stock after purchasing an additional 190 shares during the period. JGP Wealth Management LLC’s holdings in Visa were worth $936,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP raised its holdings in Visa by 186.2% in the 4th quarter. Brevan Howard Capital Management LP now owns 22,732 shares of the credit-card processor’s stock worth $5,918,000 after acquiring an additional 14,790 shares during the period. Borer Denton & Associates Inc. increased its stake in shares of Visa by 1.1% in the fourth quarter. Borer Denton & Associates Inc. now owns 22,564 shares of the credit-card processor’s stock worth $5,875,000 after purchasing an additional 249 shares during the period. Blue Grotto Capital LLC acquired a new position in shares of Visa during the 4th quarter worth about $7,811,000. Biltmore Family Office LLC boosted its stake in Visa by 1.6% during the 4th quarter. Biltmore Family Office LLC now owns 5,418 shares of the credit-card processor’s stock valued at $1,410,000 after purchasing an additional 85 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in Visa in the 4th quarter valued at approximately $5,624,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Shares of V stock traded down $0.17 during trading on Friday, hitting $277.30. The company had a trading volume of 1,793,092 shares, compared to its average volume of 7,113,842. Visa Inc. has a 52 week low of $228.03 and a 52 week high of $293.07. 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 market capitalization of $505.33 billion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. The stock’s 50-day moving average is $273.94 and its two-hundred day moving average is $272.75.

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, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same period in the previous year, the firm earned $2.16 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio is presently 22.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on V shares. Compass Point began coverage on Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price for the company. Macquarie restated an “outperform” rating and issued a $300.00 target price on shares of Visa in a research note on Friday, September 27th. Keefe, Bruyette & Woods raised shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. William Blair raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Finally, BNP Paribas raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a report on Tuesday, September 3rd. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $312.04.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is currently owned by corporate insiders.

Visa 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.