Visa Inc. (NYSE:V) Stock Position Raised by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 182,119 shares of the credit-card processor's stock after purchasing an additional 2,054 shares during the quarter. Visa accounts for about 0.8% of Oppenheimer & Co. Inc.'s investment portfolio, making the stock its 17th largest holding. Oppenheimer & Co. Inc.'s holdings in Visa were worth $50,074,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of V. Cornerstone Planning Group LLC raised its holdings in shares of Visa by 8.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 495 shares of the credit-card processor's stock valued at $140,000 after buying an additional 39 shares during the period. Pinnacle Financial Partners Inc grew its position in Visa by 0.3% in the third quarter. Pinnacle Financial Partners Inc now owns 428,607 shares of the credit-card processor's stock valued at $117,846,000 after acquiring an additional 1,372 shares in the last quarter. Souders Financial Advisors grew its position in Visa by 1.8% in the third quarter. Souders Financial Advisors now owns 21,985 shares of the credit-card processor's stock valued at $6,045,000 after acquiring an additional 391 shares in the last quarter. Haverford Trust Co raised its stake in shares of Visa by 1.8% during the third quarter. Haverford Trust Co now owns 84,804 shares of the credit-card processor's stock valued at $23,317,000 after purchasing an additional 1,505 shares during the period. Finally, Empower Advisory Group LLC lifted its position in shares of Visa by 9.3% during the third quarter. Empower Advisory Group LLC now owns 18,337 shares of the credit-card processor's stock worth $5,042,000 after purchasing an additional 1,560 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

V traded down $0.34 on Wednesday, reaching $309.51. The company had a trading volume of 4,046,361 shares, compared to its average volume of 7,014,890. The company has a market capitalization of $564.02 billion, a P/E ratio of 31.81, a PEG ratio of 2.07 and a beta of 0.95. 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 company has a fifty day moving average of $285.26 and a 200-day moving average of $275.17. Visa Inc. has a one year low of $245.34 and a one year high of $312.44.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The business 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%. The business's revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $2.33 earnings per share. As a group, equities research analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.76%. This is a boost from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio (DPR) is currently 24.25%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm's 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 completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America boosted their price objective on shares of Visa from $279.00 to $308.00 and gave the stock a "neutral" rating in a report on Tuesday, September 17th. BNP Paribas upgraded Visa from a "neutral" rating to an "outperform" rating and set a $325.00 price objective for the company in a research note on Tuesday, September 3rd. StockNews.com upgraded Visa from a "hold" rating to a "buy" rating in a research note on Friday, August 9th. William Blair upgraded shares of Visa to a "strong-buy" rating in a research note on Tuesday, July 23rd. Finally, Monness Crespi & Hardt reiterated a "neutral" rating on shares of Visa in a research note on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $321.74.

About Visa

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.