Visa Inc. $V is Ethic Inc.’s 10th Largest Position

Ethic Inc. boosted its position in Visa Inc. (NYSE:V) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,537 shares of the credit-card processor’s stock after buying an additional 2,422 shares during the period. Visa makes up approximately 1.0% of Ethic Inc.’s investment portfolio, making the stock its 10th largest holding. Ethic Inc.’s holdings in Visa were worth $59,583,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Mattson Financial Services LLC lifted its stake in Visa by 2.2% during the 3rd quarter. Mattson Financial Services LLC now owns 13,699 shares of the credit-card processor’s stock valued at $4,677,000 after acquiring an additional 292 shares during the period. Traveka Wealth LLC raised its holdings in shares of Visa by 2.1% during the third quarter. Traveka Wealth LLC now owns 2,673 shares of the credit-card processor’s stock worth $912,000 after purchasing an additional 54 shares during the last quarter. Institute for Wealth Management LLC. lifted its position in Visa by 0.3% during the third quarter. Institute for Wealth Management LLC. now owns 13,420 shares of the credit-card processor’s stock valued at $4,581,000 after purchasing an additional 43 shares during the period. Kavar Capital Partners Group LLC boosted its holdings in Visa by 0.8% in the third quarter. Kavar Capital Partners Group LLC now owns 22,020 shares of the credit-card processor’s stock valued at $7,517,000 after purchasing an additional 165 shares during the last quarter. Finally, Three Seasons Wealth LLC grew its position in Visa by 2.8% during the 3rd quarter. Three Seasons Wealth LLC now owns 9,234 shares of the credit-card processor’s stock worth $3,152,000 after purchasing an additional 248 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Down 0.3%

Visa stock opened at $353.69 on Wednesday. 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 stock has a market capitalization of $644.33 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82. The business has a 50 day simple moving average of $338.94 and a 200-day simple moving average of $343.82. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51.

Visa (NYSE:V) last announced its earnings results 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 analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.71 EPS. On average, analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

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

Insider Transactions at Visa

In related news, 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 directly owned 2,468 shares in the company, valued at approximately $830,432.64. The trade was a 26.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at $183,117. The trade was a 95.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,557 shares of company stock valued at $4,586,137 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. KeyCorp reissued an “overweight” rating and issued a $405.00 price objective on shares of Visa in a report on Wednesday, October 22nd. Erste Group Bank cut Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Raymond James Financial restated an “outperform” rating and issued a $408.00 price objective (up previously from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Robert W. Baird set a $425.00 target price on shares of Visa in a report on Wednesday, October 29th. Finally, UBS Group set a $425.00 target price on shares of Visa and gave the company a “buy” rating in a research note on Wednesday, October 29th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $402.52.

About Visa

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.