Howe & Rusling Inc. Acquires 3,216 Shares of Visa Inc. (NYSE:V)

Howe & Rusling Inc. lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 12.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,867 shares of the credit-card processor's stock after buying an additional 3,216 shares during the period. Howe & Rusling Inc.'s holdings in Visa were worth $7,937,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in Visa during the 3rd quarter worth about $26,000. POM Investment Strategies LLC boosted its position in Visa by 970.0% in the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor's stock valued at $28,000 after buying an additional 97 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Visa during the 3rd quarter worth about $31,000. TruNorth Capital Management LLC raised its position in shares of Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor's stock worth $34,000 after acquiring an additional 89 shares during the last quarter. Finally, Bbjs Financial Advisors LLC bought a new position in Visa during the second quarter worth about $35,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's 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 transaction, the chief executive officer now directly owns 538 shares of the company's stock, valued at approximately $148,687.06. The trade was a 94.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

V has been the topic of several analyst reports. Citigroup increased their target price on Visa from $319.00 to $326.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. BNP Paribas upgraded shares of Visa from a "neutral" rating to an "outperform" rating and set a $325.00 target price on the stock in a research note on Tuesday, September 3rd. Piper Sandler boosted their price objective on Visa from $319.00 to $322.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their price objective on Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $321.74.

Visa Trading Down 1.4 %

NYSE V traded down $4.46 on Wednesday, hitting $307.39. 6,291,951 shares of the company were exchanged, compared to its average volume of 6,971,385. The firm has a market capitalization of $560.16 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95. Visa Inc. has a twelve month low of $250.03 and a twelve month high of $312.44. 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 company's 50 day moving average price is $288.10 and its 200-day moving average price is $276.63.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share 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 company had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. Analysts predict that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a $0.59 dividend. 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. The ex-dividend date is Tuesday, November 12th. Visa's payout ratio is presently 24.25%.

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.