Visa Inc. (NYSE:V) Shares Purchased by S&CO Inc.

S&CO Inc. boosted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 26.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,660 shares of the credit-card processor's stock after buying an additional 3,289 shares during the quarter. S&CO Inc.'s holdings in Visa were worth $4,305,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in V. Unionview LLC increased its stake in shares of Visa by 1.5% during the third quarter. Unionview LLC now owns 2,296 shares of the credit-card processor's stock valued at $631,000 after buying an additional 33 shares during the period. KMG Fiduciary Partners LLC increased its stake in shares of Visa by 0.3% during the third quarter. KMG Fiduciary Partners LLC now owns 13,933 shares of the credit-card processor's stock valued at $3,831,000 after buying an additional 37 shares during the period. Iron Horse Wealth Management LLC increased its stake in shares of Visa by 15.9% during the third quarter. Iron Horse Wealth Management LLC now owns 270 shares of the credit-card processor's stock valued at $74,000 after buying an additional 37 shares during the period. Washington Trust Bank grew its stake in Visa by 1.1% in the third quarter. Washington Trust Bank now owns 3,258 shares of the credit-card processor's stock valued at $896,000 after purchasing an additional 37 shares during the last quarter. Finally, Proffitt & Goodson Inc. grew its stake in Visa by 20.3% in the third quarter. Proffitt & Goodson Inc. now owns 219 shares of the credit-card processor's stock valued at $60,000 after purchasing an additional 37 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value 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 represents a 94.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on V. Citigroup lifted their target price on Visa from $319.00 to $326.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their target price on Visa from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Macquarie raised their price target on Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Piper Sandler raised their price target on Visa from $319.00 to $322.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Susquehanna raised their price target on Visa from $326.00 to $339.00 and gave the stock a "positive" rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $321.74.

Visa Price Performance

Shares of V traded up $1.39 during trading hours on Friday, hitting $309.64. 5,106,284 shares of the stock were exchanged, compared to its average volume of 5,762,525. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.28. Visa Inc. has a 12-month low of $245.60 and a 12-month high of $312.44. The company has a market cap of $564.26 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95. The stock's 50-day moving average price is $287.04 and its two-hundred day moving average price is $275.95.

Visa (NYSE:V - Get Free Report) last issued its quarterly 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. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the previous year, the business earned $2.33 earnings per share. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts expect 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 will be paid on Monday, December 2nd. Shareholders 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 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's payout ratio is 24.25%.

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.