Visa Inc. (NYSE:V) Stock Position Raised by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 59.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 208,726 shares of the credit-card processor's stock after purchasing an additional 77,457 shares during the period. Visa makes up 0.8% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 13th largest holding. Segall Bryant & Hamill LLC's holdings in Visa were worth $57,389,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of V. Peterson Financial Group Inc. acquired a new position in shares of Visa during the third quarter worth about $26,000. POM Investment Strategies LLC raised its stake in shares of Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor's stock worth $28,000 after buying an additional 97 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $31,000. TruNorth Capital Management LLC boosted its stake in shares of Visa by 211.9% in 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 in the last quarter. Finally, Bbjs Financial Advisors LLC acquired a new position in Visa during the second quarter worth $35,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

V has been the subject of a number of recent analyst reports. Robert W. Baird raised their target price on Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Susquehanna increased their target price on shares of Visa from $326.00 to $339.00 and gave the company a "positive" rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price target on Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Visa in a research note on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.74.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 94.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.19% of the company's stock.

Visa Stock Performance

Shares of V stock traded down $4.40 during trading hours on Wednesday, reaching $307.45. The stock had a trading volume of 2,057,313 shares, compared to its average volume of 6,952,285. The firm has a market capitalization of $560.27 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95. The firm has a 50-day simple moving average of $288.10 and a 200-day simple moving average of $276.63. Visa Inc. has a twelve month low of $250.03 and a twelve month high of $312.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for 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%. Visa's revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.33 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's payout ratio is 24.25%.

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.