Coldstream Capital Management Inc. Acquires 6,314 Shares of Visa Inc. (NYSE:V)

Coldstream Capital Management Inc. boosted its stake in shares of Visa Inc. (NYSE:V) by 12.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,462 shares of the credit-card processor’s stock after acquiring an additional 6,314 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Visa were worth $15,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Burke & Herbert Bank & Trust Co. lifted its position in Visa by 314.4% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 3,672 shares of the credit-card processor’s stock valued at $964,000 after purchasing an additional 2,786 shares during the period. ORBA Wealth Advisors L.L.C. boosted its stake in Visa by 36.2% in the second quarter. ORBA Wealth Advisors L.L.C. now owns 2,338 shares of the credit-card processor’s stock valued at $614,000 after acquiring an additional 622 shares during the last quarter. Lodestone Wealth Management LLC grew its holdings in Visa by 1.9% during the 2nd quarter. Lodestone Wealth Management LLC now owns 7,364 shares of the credit-card processor’s stock worth $1,933,000 after acquiring an additional 137 shares during the period. V Square Quantitative Management LLC raised its position in shares of Visa by 1.1% during the 2nd quarter. V Square Quantitative Management LLC now owns 27,244 shares of the credit-card processor’s stock valued at $7,151,000 after acquiring an additional 297 shares during the last quarter. Finally, Falcon Wealth Planning lifted its stake in shares of Visa by 10.0% in the 2nd quarter. Falcon Wealth Planning now owns 1,318 shares of the credit-card processor’s stock valued at $346,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays upped their price objective on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $321.00 price target (up from $318.00) on shares of Visa in a research note on Wednesday, October 30th. TD Cowen lifted their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upped their target price on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday. Finally, BMO Capital Markets lifted their price target on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $323.41.

Visa Price Performance

Shares of NYSE V opened at $308.30 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50-day moving average of $296.38 and a 200-day moving average of $279.98. The stock has a market capitalization of $574.33 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 2.09 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $317.42.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the company earned $2.33 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

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.