Omnia Family Wealth LLC Purchases 451 Shares of Visa Inc. $V

Omnia Family Wealth LLC grew its stake in shares of Visa Inc. (NYSE:V) by 13.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,735 shares of the credit-card processor’s stock after acquiring an additional 451 shares during the quarter. Visa comprises about 0.5% of Omnia Family Wealth LLC’s portfolio, making the stock its 25th biggest holding. Omnia Family Wealth LLC’s holdings in Visa were worth $1,326,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC lifted its position in shares of Visa by 24.4% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 28,878 shares of the credit-card processor’s stock valued at $10,253,000 after acquiring an additional 5,659 shares during the period. WealthPlan Investment Management LLC lifted its position in shares of Visa by 280.3% during the 2nd quarter. WealthPlan Investment Management LLC now owns 4,275 shares of the credit-card processor’s stock valued at $1,518,000 after acquiring an additional 3,151 shares during the period. Callahan Advisors LLC lifted its position in shares of Visa by 4.1% during the 2nd quarter. Callahan Advisors LLC now owns 9,239 shares of the credit-card processor’s stock valued at $3,280,000 after acquiring an additional 360 shares during the period. Uptick Partners LLC lifted its position in shares of Visa by 28.0% during the 2nd quarter. Uptick Partners LLC now owns 3,323 shares of the credit-card processor’s stock valued at $1,180,000 after acquiring an additional 726 shares during the period. Finally, Keeler & Nadler Financial Planning & Wealth Management lifted its position in shares of Visa by 283.2% during the 2nd quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 2,962 shares of the credit-card processor’s stock valued at $1,052,000 after acquiring an additional 2,189 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on V shares. Macquarie upped their target price on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research report on Thursday, July 17th. They set a “buy” rating and a $410.00 target price for the company. Raymond James Financial reissued an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. Robert W. Baird set a $410.00 price target on Visa and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, Oppenheimer boosted their price target on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $389.00.

Visa Price Performance

Visa stock opened at $341.90 on Monday. Visa Inc. has a 52 week low of $280.78 and a 52 week high of $375.51. The stock has a fifty day moving average of $344.30 and a 200-day moving average of $346.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $626.63 billion, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (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 business had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter in the prior year, the firm earned $2.42 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s dividend payout ratio is presently 23.05%.

Insider Transactions at Visa

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

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.