Visa Inc. (NYSE:V) Shares Bought by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC increased its stake in Visa Inc. (NYSE:V) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,933 shares of the credit-card processor’s stock after purchasing an additional 37 shares during the period. KMG Fiduciary Partners LLC’s holdings in Visa were worth $3,831,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in Visa by 4,412.3% during the 3rd quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor’s stock valued at $1,119,725,000 after acquiring an additional 4,166,905 shares during the period. National Bank of Canada FI lifted its stake in Visa by 787.1% during the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock valued at $1,296,820,000 after acquiring an additional 4,099,122 shares during the period. Swedbank AB acquired a new stake in Visa during the 1st quarter valued at approximately $511,321,000. GQG Partners LLC lifted its stake in Visa by 40.1% during the 1st quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock valued at $1,671,866,000 after acquiring an additional 1,715,686 shares during the period. Finally, Wulff Hansen & CO. lifted its stake in Visa by 26,951.9% during the 2nd quarter. Wulff Hansen & CO. now owns 1,587,944 shares of the credit-card processor’s stock valued at $416,788,000 after acquiring an additional 1,582,074 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.19% of the company’s stock.

Visa Trading Up 0.1 %

Shares of V stock opened at $290.62 on Friday. The company’s 50-day moving average price is $276.91 and its 200-day moving average price is $272.94. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market cap of $531.53 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 1.94 and a beta of 0.96. Visa Inc. has a twelve month low of $228.03 and a twelve month high of $293.07.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 EPS. As a group, equities analysts predict that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.72%. Visa’s payout ratio is 23.24%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on V. Bank of America lifted their price objective on shares of Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Citigroup cut their target price on shares of Visa from $321.00 to $319.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Oppenheimer started coverage on shares of Visa in a report on Tuesday, October 1st. They set an “outperform” rating and a $318.00 target price for the company. Macquarie reaffirmed an “outperform” rating and set a $300.00 target price on shares of Visa in a report on Friday, September 27th. Finally, Robert W. Baird lifted their target price on shares of Visa from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $314.19.

About Visa

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.