Visa Inc. (NYSE:V) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. lessened its stake in Visa Inc. (NYSE:V - Free Report) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,037 shares of the credit-card processor's stock after selling 2,634 shares during the period. Logan Capital Management Inc.'s holdings in Visa were worth $13,208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Peterson Financial Group Inc. purchased a new stake in Visa in the third quarter worth about $26,000. POM Investment Strategies LLC grew its position in shares of Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor's stock valued at $28,000 after purchasing an additional 97 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Visa in the third quarter worth about $31,000. TruNorth Capital Management LLC boosted its stake in Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor's stock valued at $34,000 after buying an additional 89 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. purchased a new position in Visa during the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by company insiders.

Visa Trading Up 0.2 %

Shares of V stock traded up $0.58 on Friday, hitting $314.81. The stock had a trading volume of 4,682,165 shares, compared to its average volume of 6,884,873. The firm has a market capitalization of $586.45 billion, a P/E ratio of 32.40, a P/E/G ratio of 2.11 and a beta of 0.96. 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 $298.56 and its 200-day moving average price is $280.71. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $317.42.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share 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 the consensus estimate of $9.49 billion. During the same quarter in the prior year, the business earned $2.33 EPS. Visa's revenue was up 11.7% on a year-over-year basis. Analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.75%. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio is currently 24.25%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Mizuho boosted their price objective on Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Macquarie upped their price target on shares of Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. 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. Finally, Morgan Stanley increased their target price on shares of Visa from $322.00 to $326.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $324.74.

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.