Marks Group Wealth Management Inc Buys 1,895 Shares of Visa Inc. (NYSE:V)

Marks Group Wealth Management Inc raised its stake in shares of Visa Inc. (NYSE:V - Free Report) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,027 shares of the credit-card processor's stock after purchasing an additional 1,895 shares during the period. Visa accounts for 1.5% of Marks Group Wealth Management Inc's portfolio, making the stock its 6th largest position. Marks Group Wealth Management Inc's holdings in Visa were worth $16,229,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Hixon Zuercher LLC lifted its stake in shares of Visa by 3.6% in the 3rd quarter. Hixon Zuercher LLC now owns 1,991 shares of the credit-card processor's stock valued at $547,000 after purchasing an additional 70 shares in the last quarter. HF Advisory Group LLC raised its holdings in Visa by 15.1% in the third quarter. HF Advisory Group LLC now owns 11,029 shares of the credit-card processor's stock valued at $3,033,000 after buying an additional 1,445 shares during the period. JFG Wealth Management LLC lifted its position in Visa by 22.6% during the third quarter. JFG Wealth Management LLC now owns 1,363 shares of the credit-card processor's stock valued at $375,000 after buying an additional 251 shares in the last quarter. Focused Wealth Management Inc grew its stake in Visa by 13.9% during the third quarter. Focused Wealth Management Inc now owns 1,132 shares of the credit-card processor's stock worth $311,000 after buying an additional 138 shares during the period. Finally, Fiduciary Family Office LLC increased its position in shares of Visa by 18.4% in the third quarter. Fiduciary Family Office LLC now owns 10,489 shares of the credit-card processor's stock worth $2,884,000 after acquiring an additional 1,630 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Up 0.5 %

NYSE:V opened at $293.36 on Wednesday. The firm has a market capitalization of $534.59 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.96 and a beta of 0.95. Visa Inc. has a 52 week low of $240.97 and a 52 week high of $296.34. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $281.92 and a 200-day moving average of $273.97.

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

Visa Increases Dividend

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

Analyst Ratings Changes

V has been the topic of several recent research reports. Bank of America lifted their target price on shares of Visa from $279.00 to $308.00 and gave the company a "neutral" rating in a report on Tuesday, September 17th. Barclays boosted their price objective on Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a research note on Monday. Morgan Stanley increased their target price on Visa from $322.00 to $326.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Citigroup raised their target price on Visa from $319.00 to $326.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Mizuho upped their price target on Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. 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. Based on data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average price target of $321.74.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the 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 completion of the sale, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by company insiders.

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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