Austin Wealth Management LLC Grows Stake in Visa Inc. $V

Austin Wealth Management LLC lifted its stake in Visa Inc. (NYSE:V) by 236.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,752 shares of the credit-card processor’s stock after purchasing an additional 1,935 shares during the quarter. Austin Wealth Management LLC’s holdings in Visa were worth $950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Trivant Custom Portfolio Group LLC grew its position in Visa by 0.5% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 9,602 shares of the credit-card processor’s stock valued at $3,278,000 after purchasing an additional 44 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of Visa by 9.8% in the third quarter. Azzad Asset Management Inc. ADV now owns 13,160 shares of the credit-card processor’s stock worth $4,493,000 after buying an additional 1,173 shares in the last quarter. First Dallas Securities Inc. grew its holdings in shares of Visa by 217.0% during the third quarter. First Dallas Securities Inc. now owns 1,902 shares of the credit-card processor’s stock valued at $649,000 after buying an additional 1,302 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Visa by 24.7% during the third quarter. Smartleaf Asset Management LLC now owns 28,611 shares of the credit-card processor’s stock valued at $9,732,000 after acquiring an additional 5,661 shares in the last quarter. Finally, First National Bank of Hutchinson raised its holdings in Visa by 4.6% in the 3rd quarter. First National Bank of Hutchinson now owns 5,262 shares of the credit-card processor’s stock worth $1,796,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Daiwa America upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. HSBC raised Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Robert W. Baird set a $425.00 price objective on Visa in a report on Wednesday, October 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $395.00 target price on shares of Visa in a research report on Friday, January 30th. Finally, UBS Group restated a “buy” rating on shares of Visa in a research note on Tuesday, January 13th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $392.29.

Visa Stock Up 0.8%

V opened at $331.82 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $604.49 billion, a PE ratio of 31.13, a PEG ratio of 1.90 and a beta of 0.79. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The firm’s 50 day simple moving average is $338.50 and its two-hundred day simple moving average is $340.87.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the prior year, the business posted $2.75 earnings per share. The business’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio (DPR) is presently 25.14%.

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.