Clarity Financial LLC Has $6.05 Million Stock Position in Visa Inc. (NYSE:V)

Clarity Financial LLC grew its position in shares of Visa Inc. (NYSE:V - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,015 shares of the credit-card processor's stock after purchasing an additional 1,737 shares during the quarter. Clarity Financial LLC's holdings in Visa were worth $6,053,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of V. Vanguard Group Inc. boosted its position in shares of Visa by 0.6% in the first quarter. Vanguard Group Inc. now owns 142,202,830 shares of the credit-card processor's stock worth $39,685,966,000 after buying an additional 788,908 shares during the period. Capital International Investors boosted its position in shares of Visa by 2.7% in the first quarter. Capital International Investors now owns 23,570,391 shares of the credit-card processor's stock worth $6,578,025,000 after buying an additional 626,618 shares during the period. Capital World Investors boosted its position in shares of Visa by 5.4% in the first quarter. Capital World Investors now owns 18,863,796 shares of the credit-card processor's stock worth $5,264,508,000 after buying an additional 968,008 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Visa by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 14,610,590 shares of the credit-card processor's stock worth $3,833,981,000 after buying an additional 345,829 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Visa by 2.2% in the second quarter. Legal & General Group Plc now owns 14,416,394 shares of the credit-card processor's stock worth $3,783,857,000 after buying an additional 312,286 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on V shares. BNP Paribas raised Visa from a "neutral" rating to an "outperform" rating and set a $325.00 target price for the company in a research report on Tuesday, September 3rd. Monness Crespi & Hardt reissued a "neutral" rating on shares of Visa in a research report on Tuesday, September 24th. Barclays lifted their price objective on Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a research report on Monday. Bank of America lifted their price objective on Visa from $279.00 to $308.00 and gave the company a "neutral" rating in a research report on Tuesday, September 17th. Finally, Keefe, Bruyette & Woods raised Visa from a "moderate buy" rating to a "strong-buy" rating in a research report on Tuesday, September 24th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Visa Price Performance

Shares of V traded up $11.95 during mid-day trading on Wednesday, reaching $305.24. The company had a trading volume of 3,227,582 shares, compared to its average volume of 7,022,505. Visa Inc. has a twelve month low of $240.97 and a twelve month high of $309.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37. The company's 50-day moving average is $281.92 and its 200-day moving average is $273.97. The company has a market capitalization of $556.24 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.96 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the prior year, the firm posted $2.33 EPS. Visa's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 11.18 EPS for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. Visa's dividend payout ratio is 21.38%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.

Visa Company 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.