2,199 Shares in Visa Inc. $V Purchased by Trevian Wealth Management LLC

Trevian Wealth Management LLC acquired a new position in shares of Visa Inc. (NYSE:V) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,199 shares of the credit-card processor’s stock, valued at approximately $751,000. Visa comprises about 0.4% of Trevian Wealth Management LLC’s portfolio, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Family Legacy Financial Solutions LLC bought a new stake in shares of Visa during the second quarter valued at approximately $28,000. Harbor Asset Planning Inc. acquired a new position in Visa during the 2nd quarter worth $29,000. Sagard Holdings Management Inc. acquired a new position in Visa during the 2nd quarter worth $31,000. Cranbrook Wealth Management LLC boosted its position in Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 41 shares during the last quarter. Finally, Bare Financial Services Inc increased its stake in shares of Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on V shares. Evercore ISI set a $380.00 price target on Visa in a research note on Friday, December 12th. Macquarie dropped their price objective on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Morgan Stanley set a $398.00 target price on shares of Visa and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Erste Group Bank lowered shares of Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, HSBC raised shares of Visa from a “hold” rating to a “buy” rating and boosted their price target for the stock from $335.00 to $389.00 in a research note on Sunday, December 7th. Five 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $402.52.

Visa Price Performance

Shares of V opened at $349.75 on Friday. The stock has a market cap of $637.15 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 2.06 and a beta of 0.81. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The stock’s 50-day moving average price is $340.09 and its two-hundred day moving average price is $344.14. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53.

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

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were issued a $0.67 dividend. 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 was Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is 26.25%.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 900 shares of Visa 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 transaction, the director directly owned 2,468 shares of the company’s stock, valued at $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $3,575,385.00. Following the completion of the sale, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,117. This represents a 95.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,042 shares of company stock valued at $8,247,289 over the last three months. 0.12% of the stock is currently owned by corporate 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.