Secured Retirement Advisors LLC Has $1.67 Million Stock Holdings in Visa Inc. $V

Secured Retirement Advisors LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 8.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,705 shares of the credit-card processor’s stock after buying an additional 364 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Visa were worth $1,670,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Abel Hall LLC boosted its position in Visa by 15.3% during the second quarter. Abel Hall LLC now owns 1,646 shares of the credit-card processor’s stock valued at $584,000 after purchasing an additional 219 shares during the last quarter. Mirova US LLC boosted its position in Visa by 3.7% during the second quarter. Mirova US LLC now owns 825,940 shares of the credit-card processor’s stock valued at $293,250,000 after purchasing an additional 29,300 shares during the last quarter. Triasima Portfolio Management inc. boosted its position in Visa by 27.1% during the second quarter. Triasima Portfolio Management inc. now owns 17,137 shares of the credit-card processor’s stock valued at $6,084,000 after purchasing an additional 3,657 shares during the last quarter. Proffitt & Goodson Inc. boosted its position in Visa by 26.6% during the second quarter. Proffitt & Goodson Inc. now owns 262 shares of the credit-card processor’s stock valued at $93,000 after purchasing an additional 55 shares during the last quarter. Finally, Sax Wealth Advisors LLC lifted its position in shares of Visa by 130.3% in the second quarter. Sax Wealth Advisors LLC now owns 5,752 shares of the credit-card processor’s stock valued at $2,042,000 after buying an additional 3,254 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $183,815.10. This trade represents a 95.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Stock Performance

NYSE:V opened at $343.63 on Friday. The stock has a 50 day simple moving average of $343.77 and a 200 day simple moving average of $346.97. Visa Inc. has a 1-year low of $275.37 and a 1-year high of $375.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market cap of $629.79 billion, a P/E ratio of 33.56, a PEG ratio of 2.06 and a beta of 0.90.

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

Visa Announces Dividend

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

Analyst Upgrades and Downgrades

V has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price objective for the company. UBS Group reaffirmed a “buy” rating and issued a $415.00 price objective (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Truist Financial cut their price objective on Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Finally, Robert W. Baird set a $410.00 price objective on Visa and gave the company an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $389.00.

Visa Profile

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.