Visa Inc. $V Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC lifted its holdings in Visa Inc. (NYSE:VFree Report) by 5.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 67,722 shares of the credit-card processor’s stock after purchasing an additional 3,576 shares during the period. Advisory Services Network LLC’s holdings in Visa were worth $23,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Kozak & Associates Inc. grew its position in shares of Visa by 21.6% during the 3rd quarter. Kozak & Associates Inc. now owns 5,366 shares of the credit-card processor’s stock valued at $1,748,000 after buying an additional 953 shares during the last quarter. San Luis Wealth Advisors LLC lifted its holdings in Visa by 20.2% in the third quarter. San Luis Wealth Advisors LLC now owns 11,844 shares of the credit-card processor’s stock worth $4,043,000 after acquiring an additional 1,989 shares during the last quarter. Tcfg Wealth Management LLC boosted its stake in Visa by 312.7% in the third quarter. Tcfg Wealth Management LLC now owns 38,046 shares of the credit-card processor’s stock valued at $12,988,000 after acquiring an additional 28,827 shares during the period. Fulcrum Asset Management LLP boosted its stake in Visa by 154.1% in the third quarter. Fulcrum Asset Management LLP now owns 24,563 shares of the credit-card processor’s stock valued at $8,385,000 after acquiring an additional 14,897 shares during the period. Finally, Vertex Planning Partners LLC grew its holdings in shares of Visa by 7.6% during the third quarter. Vertex Planning Partners LLC now owns 973 shares of the credit-card processor’s stock valued at $332,000 after purchasing an additional 69 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 0.5%

Shares of V opened at $308.55 on Wednesday. The stock’s 50-day moving average price is $323.65 and its 200 day moving average price is $335.32. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $560.07 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 1.78 and a beta of 0.78. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. The company had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.Visa’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.75 EPS. As a group, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa’s payout ratio is currently 25.14%.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on V shares. Evercore set a $380.00 price target on Visa in a research report on Friday, December 12th. Morgan Stanley restated an “overweight” rating and set a $411.00 price objective (up from $398.00) on shares of Visa in a research note on Friday, January 30th. Cantor Fitzgerald raised Visa to a “strong-buy” rating in a research report on Tuesday, January 27th. Piper Sandler set a $160.00 price objective on shares of Visa in a research report on Wednesday, January 28th. Finally, Bank of America started coverage on shares of Visa in a research note on Thursday, March 5th. They set a “buy” rating and a $410.00 target price for the company. Seven analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $392.65.

Check Out Our Latest Report on Visa

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lloyd Carney sold 650 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.

Visa Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

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