Visa Inc. (NYSE:V) Stock Holdings Increased by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc grew its position in shares of Visa Inc. (NYSE:V) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,093 shares of the credit-card processor’s stock after buying an additional 41 shares during the period. Northeast Financial Consultants Inc’s holdings in Visa were worth $6,350,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of V. Retirement Planning Group LLC lifted its holdings in Visa by 176.2% in the second quarter. Retirement Planning Group LLC now owns 2,207 shares of the credit-card processor’s stock worth $579,000 after acquiring an additional 1,408 shares during the last quarter. Aspire Private Capital LLC lifted its holdings in shares of Visa by 3.5% in the 2nd quarter. Aspire Private Capital LLC now owns 3,787 shares of the credit-card processor’s stock worth $994,000 after purchasing an additional 128 shares during the last quarter. Park National Corp OH lifted its holdings in shares of Visa by 5.7% in the 2nd quarter. Park National Corp OH now owns 129,766 shares of the credit-card processor’s stock worth $34,060,000 after purchasing an additional 7,007 shares during the last quarter. Ballast Inc. acquired a new position in Visa during the 2nd quarter valued at approximately $725,000. Finally, Northeast Financial Group Inc. grew its stake in Visa by 49.5% during the 2nd quarter. Northeast Financial Group Inc. now owns 7,466 shares of the credit-card processor’s stock worth $1,960,000 after buying an additional 2,473 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V opened at $311.01 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s 50 day moving average is $295.71 and its 200-day moving average is $279.71. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $317.42. The stock has a market capitalization of $579.37 billion, a P/E ratio of 31.96, a P/E/G ratio of 2.08 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.33 earnings per share. Equities research analysts anticipate that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s payout ratio is presently 24.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on V shares. Mizuho raised their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Piper Sandler lifted their price objective on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. TD Cowen boosted their target price on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Macquarie lifted their price target on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective for the company in a research report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $321.74.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.19% of the stock is owned by insiders.

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.