Invested Advisors Makes New Investment in Visa Inc. $V

Invested Advisors bought a new position in shares of Visa Inc. (NYSE:V) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 1,805 shares of the credit-card processor’s stock, valued at approximately $564,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after acquiring an additional 6,883 shares during the period. Revolve Wealth Partners LLC increased its holdings in Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after purchasing an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its position in Visa by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock valued at $3,834,000 after buying an additional 477 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Visa by 23.1% in the first quarter. Jones Financial Companies Lllp now owns 492,604 shares of the credit-card processor’s stock valued at $169,728,000 after purchasing an additional 92,298 shares during the last quarter. Finally, Modern Wealth Management LLC lifted its position in shares of Visa by 45.9% during the 1st quarter. Modern Wealth Management LLC now owns 12,234 shares of the credit-card processor’s stock worth $4,287,000 after buying an additional 3,846 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Shares of NYSE:V opened at $349.75 on Friday. The company’s fifty day moving average price is $340.09 and its 200-day moving average price is $344.14. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $637.15 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.06 and a beta of 0.81. Visa Inc. has a one year low of $299.00 and a one year high of $375.51.

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

Visa Increases Dividend

The company 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. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, November 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio is currently 26.25%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Bank of America upgraded shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 price objective for the company in a report on Thursday, December 11th. UBS Group set a $425.00 target price on Visa and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Citigroup raised shares of Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Raymond James Financial restated an “outperform” rating and issued a $408.00 price objective (up from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Finally, Macquarie decreased their target price 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. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $402.52.

Insider Activity

In related news, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lloyd Carney sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total value of $302,832.00. Following the completion of the sale, the director owned 2,468 shares of the company’s stock, valued at $830,432.64. The trade was a 26.72% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 24,042 shares of company stock worth $8,247,289. 0.12% of the stock is currently owned by insiders.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.