Fiduciary Family Office LLC Buys 1,630 Shares of Visa Inc. (NYSE:V)

Fiduciary Family Office LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 18.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,489 shares of the credit-card processor’s stock after purchasing an additional 1,630 shares during the quarter. Visa accounts for about 1.0% of Fiduciary Family Office LLC’s holdings, making the stock its 12th largest position. Fiduciary Family Office LLC’s holdings in Visa were worth $2,884,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Falcon Wealth Planning grew its position in Visa by 5.7% during the third quarter. Falcon Wealth Planning now owns 1,393 shares of the credit-card processor’s stock worth $383,000 after buying an additional 75 shares in the last quarter. Austin Private Wealth LLC grew its position in Visa by 2.7% during the third quarter. Austin Private Wealth LLC now owns 5,019 shares of the credit-card processor’s stock worth $1,380,000 after buying an additional 132 shares in the last quarter. Global Wealth Management Investment Advisory Inc. purchased a new position in Visa during the third quarter worth about $205,000. Heritage Investors Management Corp grew its position in Visa by 3.1% during the third quarter. Heritage Investors Management Corp now owns 42,370 shares of the credit-card processor’s stock worth $11,650,000 after buying an additional 1,271 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC boosted its holdings in shares of Visa by 14.0% in the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 9,023 shares of the credit-card processor’s stock worth $2,504,000 after purchasing an additional 1,105 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on V. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Morgan Stanley increased their target price on Visa from $322.00 to $326.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Macquarie increased their target price on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price target on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Visa Stock Up 0.5 %

Shares of NYSE:V opened at $293.36 on Wednesday. The stock has a market capitalization of $534.59 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.96 and a beta of 0.95. The stock has a fifty day simple moving average of $281.92 and a two-hundred day simple moving average of $273.97. Visa Inc. has a 12-month low of $240.97 and a 12-month high of $296.34. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 EPS. On average, research analysts anticipate that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a $0.59 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.80%. Visa’s dividend payout ratio (DPR) is presently 21.38%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction 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 completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

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.