Generali Investments Management Co LLC Boosts Holdings in Visa Inc. $V

Generali Investments Management Co LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 31.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,928 shares of the credit-card processor’s stock after buying an additional 1,664 shares during the period. Generali Investments Management Co LLC’s holdings in Visa were worth $2,456,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in V. Brighton Jones LLC boosted its holdings in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 6,883 shares during the period. Revolve Wealth Partners LLC raised its position in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after purchasing an additional 4,817 shares in the last quarter. Kingsman Wealth Management Inc. acquired a new stake in Visa in the 1st quarter valued at about $1,935,000. Capital & Planning LLC boosted its stake in shares of Visa by 25.1% in the 1st quarter. Capital & Planning LLC now owns 1,187 shares of the credit-card processor’s stock valued at $416,000 after buying an additional 238 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Visa by 1.7% during the first quarter. Private Advisor Group LLC now owns 177,390 shares of the credit-card processor’s stock worth $62,168,000 after buying an additional 2,968 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $341.00, for a total value of $3,575,385.00. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,117. This represents a 95.13% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 23,897 shares of company stock valued at $8,164,561. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $408.00 target price (up previously from $398.00) on shares of Visa in a report on Wednesday, October 29th. Robert W. Baird set a $425.00 price objective on shares of Visa in a report on Wednesday, October 29th. UBS Group set a $425.00 price objective on shares of Visa and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Erste Group Bank lowered Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, KeyCorp restated an “overweight” rating and issued a $405.00 price target on shares of Visa in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Visa Stock Down 1.8%

Shares of NYSE V opened at $329.89 on Friday. The business has a 50-day moving average price of $342.16 and a 200 day moving average price of $348.69. The stock has a market cap of $604.63 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. The company had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.71 earnings per share. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. This is an increase from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio (DPR) is currently 26.25%.

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.