Baird Financial Group Inc. Purchases 5,051 Shares of Visa Inc. $V

Baird Financial Group Inc. grew its position in shares of Visa Inc. (NYSE:V) by 0.5% in the second quarter, Holdings Channel reports. The firm owned 1,114,236 shares of the credit-card processor’s stock after purchasing an additional 5,051 shares during the period. Baird Financial Group Inc.’s holdings in Visa were worth $395,609,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. BankPlus Wealth Management LLC grew its position in Visa by 0.9% during the second quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor’s stock worth $1,185,000 after buying an additional 29 shares in the last quarter. Transcendent Capital Group LLC boosted its position in shares of Visa by 2.9% during the 2nd quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor’s stock valued at $360,000 after acquiring an additional 29 shares during the last quarter. Interchange Capital Partners LLC grew its holdings in shares of Visa by 0.5% during the second quarter. Interchange Capital Partners LLC now owns 6,413 shares of the credit-card processor’s stock worth $2,276,000 after purchasing an additional 30 shares in the last quarter. Academy Capital Management increased its position in shares of Visa by 3.7% in the first quarter. Academy Capital Management now owns 860 shares of the credit-card processor’s stock worth $301,000 after purchasing an additional 31 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID increased its position in shares of Visa by 12.0% in the first quarter. Legacy Wealth Managment LLC ID now owns 289 shares of the credit-card processor’s stock worth $101,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the subject of several research analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $408.00 target price (up from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Macquarie dropped their price objective on shares of Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. UBS Group set a $425.00 target price on shares of Visa and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $398.00 target price on Visa and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Robert W. Baird set a $425.00 price target on Visa in a research note on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $400.00.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,172 shares of Visa stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the transaction, the insider directly owned 26,413 shares of the company’s stock, valued at $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the sale, the director owned 2,468 shares of the company’s stock, valued at $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 24,042 shares of company stock worth $8,175,152. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

Shares of NYSE:V opened at $329.88 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The stock has a market cap of $600.95 billion, a PE ratio of 32.31, a PEG ratio of 1.95 and a beta of 0.82. The company’s fifty day moving average is $339.04 and its 200 day moving average is $346.56. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51.

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

Visa Increases Dividend

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

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.