Visa Inc. $V Shares Acquired by Verum Partners LLC

Verum Partners LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 27.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,107 shares of the credit-card processor’s stock after acquiring an additional 460 shares during the period. Verum Partners LLC’s holdings in Visa were worth $748,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Legacy Solutions LLC raised its holdings in Visa by 6.4% in the 2nd quarter. Legacy Solutions LLC now owns 1,205 shares of the credit-card processor’s stock worth $428,000 after purchasing an additional 72 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Visa by 7.2% during the 2nd quarter. TD Private Client Wealth LLC now owns 29,490 shares of the credit-card processor’s stock worth $10,470,000 after buying an additional 1,993 shares during the period. Mather Group LLC. lifted its position in shares of Visa by 0.7% during the 2nd quarter. Mather Group LLC. now owns 36,772 shares of the credit-card processor’s stock valued at $13,056,000 after buying an additional 270 shares in the last quarter. Carr Financial Group Corp grew its stake in Visa by 6.6% in the 2nd quarter. Carr Financial Group Corp now owns 1,260 shares of the credit-card processor’s stock valued at $448,000 after acquiring an additional 78 shares during the period. Finally, Foster Victor Wealth Advisors LLC increased its holdings in Visa by 3.0% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 30,383 shares of the credit-card processor’s stock worth $10,870,000 after acquiring an additional 893 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on V shares. Macquarie upped their price objective on shares of Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Barclays restated an “overweight” rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Erste Group Bank cut Visa from a “buy” rating to a “hold” rating in a report on Monday. Raymond James Financial reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Finally, Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and raised their target price for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $385.96.

Visa Stock Down 1.1%

V stock opened at $335.09 on Friday. 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 firm has a 50-day moving average of $344.89 and a two-hundred day moving average of $346.22. Visa Inc. has a 12 month low of $270.00 and a 12 month high of $375.51. The company has a market cap of $614.15 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.25 and a beta of 0.92.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $9.82 billion. During the same period in the prior year, the business earned $2.42 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year. As a group, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,630 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s 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 transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company 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.