Transatlantique Private Wealth LLC Has $1.02 Million Stock Holdings in Visa Inc. $V

Transatlantique Private Wealth LLC reduced its holdings in Visa Inc. (NYSE:V) by 8.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,858 shares of the credit-card processor’s stock after selling 275 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Visa were worth $1,015,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Marion Wealth Management increased its holdings in shares of Visa by 12.2% in the second quarter. Marion Wealth Management now owns 866 shares of the credit-card processor’s stock worth $308,000 after acquiring an additional 94 shares in the last quarter. Access Investment Management LLC bought a new stake in shares of Visa in the second quarter worth about $63,000. Corton Capital Inc. bought a new stake in shares of Visa in the second quarter worth about $369,000. Astra Wealth Partners LLC bought a new stake in shares of Visa in the second quarter worth about $217,000. Finally, Westside Investment Management Inc. increased its holdings in shares of Visa by 37.5% in the second quarter. Westside Investment Management Inc. now owns 1,118 shares of the credit-card processor’s stock worth $397,000 after acquiring an additional 305 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,117. This trade represents a 95.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,997 shares of company stock valued at $7,861,729 over the last three months. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Macquarie dropped their price objective on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Morgan Stanley set a $398.00 price objective on shares of Visa and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Truist Financial dropped their price objective on shares of Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Finally, Raymond James Financial restated an “outperform” rating and set a $408.00 price objective (up from $398.00) on shares of Visa in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Visa Stock Up 0.9%

Visa stock opened at $340.00 on Wednesday. The company has a market cap of $623.15 billion, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. Visa Inc. has a 1-year low of $291.58 and a 1-year high of $375.51. The company has a fifty day simple moving average of $344.31 and a 200 day simple moving average of $348.65. The company has a current ratio of 1.08, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm earned $2.71 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, November 12th. Visa’s payout ratio is currently 23.11%.

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.