Key Client Fiduciary Advisors LLC Boosts Stock Holdings in Visa Inc. $V

Key Client Fiduciary Advisors LLC grew its position in shares of Visa Inc. (NYSE:V) by 27.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,468 shares of the credit-card processor’s stock after acquiring an additional 317 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Visa were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Bowman & Co S.C. boosted its holdings in Visa by 2.8% during the 2nd quarter. Bowman & Co S.C. now owns 6,803 shares of the credit-card processor’s stock worth $2,417,000 after acquiring an additional 188 shares during the last quarter. WestHill Financial Advisors Inc. boosted its holdings in shares of Visa by 8.7% in the 2nd quarter. WestHill Financial Advisors Inc. now owns 1,518 shares of the credit-card processor’s stock worth $539,000 after buying an additional 121 shares during the last quarter. Westmount Partners LLC boosted its holdings in shares of Visa by 0.5% in the 2nd quarter. Westmount Partners LLC now owns 6,615 shares of the credit-card processor’s stock worth $2,349,000 after buying an additional 35 shares during the last quarter. Beacon Financial Group boosted its holdings in shares of Visa by 2.8% in the 2nd quarter. Beacon Financial Group now owns 12,554 shares of the credit-card processor’s stock worth $4,457,000 after buying an additional 341 shares during the last quarter. Finally, Reyes Financial Architecture Inc. boosted its holdings in shares of Visa by 13.6% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 1,837 shares of the credit-card processor’s stock worth $652,000 after buying an additional 220 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price target on the stock. Macquarie boosted their price target on shares of Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Barclays reissued an “overweight” rating and issued a $408.00 price target (up from $396.00) on shares of Visa in a report on Thursday, July 31st. Finally, Oppenheimer boosted their price target on shares of Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $385.96.

Visa Price Performance

NYSE V opened at $338.96 on Tuesday. The company has a market cap of $621.24 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92. Visa Inc. has a 52 week low of $268.23 and a 52 week high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $346.67 and its two-hundred day simple moving average is $346.69.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the prior year, the firm earned $2.42 earnings per share. The company’s revenue was up 14.3% compared to the same quarter last year. Research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio is currently 23.05%.

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.