KG&L Capital Management LLC Has $1.47 Million Stake in Visa Inc. (NYSE:V)

KG&L Capital Management LLC lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 144.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,355 shares of the credit-card processor's stock after buying an additional 3,168 shares during the period. KG&L Capital Management LLC's holdings in Visa were worth $1,472,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Forum Financial Management LP increased its stake in Visa by 2.4% in the 3rd quarter. Forum Financial Management LP now owns 8,839 shares of the credit-card processor's stock valued at $2,430,000 after purchasing an additional 204 shares in the last quarter. Lansing Street Advisors acquired a new stake in shares of Visa during the third quarter worth $207,000. BSW Wealth Partners boosted its holdings in shares of Visa by 8.6% during the third quarter. BSW Wealth Partners now owns 5,883 shares of the credit-card processor's stock worth $1,618,000 after purchasing an additional 468 shares during the last quarter. Nvwm LLC boosted its holdings in shares of Visa by 1.8% during the third quarter. Nvwm LLC now owns 14,384 shares of the credit-card processor's stock worth $3,955,000 after purchasing an additional 250 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in Visa by 26.1% in the third quarter. Angeles Wealth Management LLC now owns 14,864 shares of the credit-card processor's stock valued at $4,087,000 after acquiring an additional 3,080 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on V shares. Robert W. Baird raised their price objective on Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on Visa from $320.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Morgan Stanley upped their target price on Visa from $322.00 to $326.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $317.00 price target on shares of Visa in a report on Thursday, September 12th. 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Visa Stock Performance

V stock traded up $1.11 during mid-day trading on Monday, reaching $291.85. 4,240,536 shares of the stock traded hands, compared to its average volume of 7,058,154. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 52 week low of $240.97 and a 52 week high of $296.34. The business has a 50-day moving average of $281.47 and a two-hundred day moving average of $273.80. The firm has a market capitalization of $531.84 billion, a PE ratio of 29.99, a P/E/G ratio of 1.94 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.33 earnings per share. As a group, equities analysts predict that Visa Inc. will post 11.17 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio is currently 21.38%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 538 shares of the company's stock, valued at $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is 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.