Mirabella Financial Services LLP Decreases Holdings in Visa Inc. $V

Mirabella Financial Services LLP cut its stake in Visa Inc. (NYSE:V) by 94.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,579 shares of the credit-card processor’s stock after selling 167,691 shares during the quarter. Mirabella Financial Services LLP’s holdings in Visa were worth $3,773,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GeoWealth Management LLC boosted its holdings in shares of Visa by 12.0% during the 2nd quarter. GeoWealth Management LLC now owns 15,149 shares of the credit-card processor’s stock worth $5,379,000 after purchasing an additional 1,628 shares during the last quarter. Great Diamond Partners LLC boosted its stake in Visa by 11.2% during the second quarter. Great Diamond Partners LLC now owns 6,353 shares of the credit-card processor’s stock worth $2,256,000 after buying an additional 639 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Visa by 0.5% in the 2nd quarter. Baird Financial Group Inc. now owns 1,114,236 shares of the credit-card processor’s stock valued at $395,609,000 after buying an additional 5,051 shares in the last quarter. Crescent Grove Advisors LLC increased its stake in shares of Visa by 2.7% in the 2nd quarter. Crescent Grove Advisors LLC now owns 1,384 shares of the credit-card processor’s stock worth $492,000 after acquiring an additional 37 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in shares of Visa in the 2nd quarter worth $5,008,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

V has been the subject of several analyst reports. Macquarie dropped their price target on shares of Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. Erste Group Bank lowered Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. UBS Group set a $425.00 price objective on shares of Visa and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Raymond James Financial restated an “outperform” rating and issued a $408.00 price objective (up from $398.00) on shares of Visa in a report on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $400.00.

Visa Trading Down 0.8%

NYSE V opened at $326.94 on Friday. The stock has a market capitalization of $595.59 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82. The firm has a 50 day moving average of $338.88 and a two-hundred day moving average of $346.42. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

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

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. Visa’s payout ratio is presently 26.25%.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $183,117. This represents a 95.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lloyd Carney sold 900 shares of Visa stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total value of $302,832.00. Following the sale, the director owned 2,468 shares in the company, valued at $830,432.64. This trade represents a 26.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 24,042 shares of company stock worth $8,175,152. Corporate insiders own 0.13% of the company’s stock.

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.