King Luther Capital Management Corp Grows Stock Holdings in Visa Inc. (NYSE:V)

King Luther Capital Management Corp boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 966,983 shares of the credit-card processor's stock after purchasing an additional 13,229 shares during the quarter. Visa comprises 1.1% of King Luther Capital Management Corp's portfolio, making the stock its 21st biggest holding. King Luther Capital Management Corp owned 0.05% of Visa worth $265,872,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in shares of Visa by 45,189.4% in the third quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock worth $2,683,101,000 after purchasing an additional 9,736,958 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Visa by 4,412.3% in the third quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor's stock worth $1,119,725,000 after acquiring an additional 4,166,905 shares in the last quarter. Swedbank AB acquired a new position in shares of Visa in the first quarter valued at about $511,321,000. Wulff Hansen & CO. increased its stake in shares of Visa by 26,951.9% in the second quarter. Wulff Hansen & CO. now owns 1,587,944 shares of the credit-card processor's stock worth $416,788,000 after acquiring an additional 1,582,074 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Visa during the third quarter valued at approximately $268,640,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

V has been the subject of several research reports. Monness Crespi & Hardt reiterated a "neutral" rating on shares of Visa in a research note on Tuesday, September 24th. The Goldman Sachs Group restated a "buy" rating and set a $317.00 price target on shares of Visa in a report on Thursday, September 12th. Mizuho boosted their price target on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, TD Cowen raised their target price on Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Four research 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $321.74.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 owns 538 shares of the company's stock, valued at $148,687.06. This trade represents 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 this link. Company insiders own 0.19% of the company's stock.

Visa Trading Down 1.4 %

Shares of NYSE:V opened at $307.39 on Thursday. Visa Inc. has a 1 year low of $250.03 and a 1 year high of $312.44. The firm has a fifty day moving average price of $288.57 and a 200 day moving average price of $276.84. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $560.16 billion, a PE ratio of 31.59, a P/E/G ratio of 2.09 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last released its 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. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $2.33 earnings per share. Analysts expect that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.59 dividend. This is a positive change from Visa's previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.77%. Visa's payout ratio is currently 24.25%.

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.

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