Catalyst Capital Advisors LLC Cuts Position in Visa Inc. (NYSE:V)

Catalyst Capital Advisors LLC lowered its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 86.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,855 shares of the credit-card processor's stock after selling 11,475 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Visa were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. KMG Fiduciary Partners LLC boosted its stake in Visa by 0.3% during the third quarter. KMG Fiduciary Partners LLC now owns 13,933 shares of the credit-card processor's stock worth $3,831,000 after buying an additional 37 shares during the period. Iron Horse Wealth Management LLC lifted its stake in shares of Visa by 15.9% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 270 shares of the credit-card processor's stock worth $74,000 after acquiring an additional 37 shares during the last quarter. Tlwm increased its position in shares of Visa by 0.7% during the second quarter. Tlwm now owns 5,241 shares of the credit-card processor's stock worth $1,376,000 after acquiring an additional 38 shares during the period. Meridian Financial Partners LLC grew its holdings in Visa by 0.5% during the 2nd quarter. Meridian Financial Partners LLC now owns 8,160 shares of the credit-card processor's stock worth $2,196,000 after acquiring an additional 38 shares in the last quarter. Finally, First National Corp MA ADV raised its holdings in shares of Visa by 1.0% in the 3rd quarter. First National Corp MA ADV now owns 3,841 shares of the credit-card processor's stock valued at $1,056,000 after purchasing an additional 38 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on V shares. Robert W. Baird lifted their price target on Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Royal Bank of Canada upped their price target on Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. TD Cowen raised their price objective on Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Compass Point assumed coverage on Visa in a research report on Wednesday, September 4th. They set a "buy" rating and a $319.00 target price on the stock. Finally, Bank of America raised their price target on Visa from $279.00 to $308.00 and gave the stock a "neutral" rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and an average price target of $321.74.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Up 0.5 %

Shares of NYSE V opened at $293.29 on Wednesday. The firm has a market cap of $534.47 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.96 and a beta of 0.95. The company's 50-day simple moving average is $281.92 and its 200-day simple moving average is $273.97. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 52-week low of $240.97 and a 52-week high of $296.34.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the previous year, the firm posted $2.33 EPS. Visa's revenue was up 11.7% compared to the same quarter last year. Equities analysts predict that Visa Inc. will post 11.18 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio (DPR) is presently 21.38%.

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.