Visa Inc. (NYSE:V) Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Visa Inc. (NYSE:V - Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,522,445 shares of the credit-card processor's stock after purchasing an additional 670,590 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.63% of Visa worth $3,168,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the 3rd quarter valued at $26,000. POM Investment Strategies LLC boosted its position 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 acquiring an additional 97 shares in the last quarter. Reston Wealth Management LLC purchased a new position in shares of Visa in the 3rd quarter valued at about $31,000. TruNorth Capital Management LLC raised its position in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor's stock worth $34,000 after acquiring an additional 89 shares in the last quarter. Finally, Bbjs Financial Advisors LLC purchased a new stake in Visa during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

Shares of NYSE V traded up $2.84 during midday trading on Thursday, reaching $310.23. 4,087,865 shares of the company traded hands, compared to its average volume of 6,966,269. The stock has a 50-day moving average price of $289.07 and a 200 day moving average price of $277.08. The company has a market cap of $565.33 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.09 and a beta of 0.95. 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 Inc. has a 52 week low of $251.61 and a 52 week high of $312.44.

Visa (NYSE:V - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.33 earnings per share. Sell-side analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced 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 of this dividend is Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. Visa's payout ratio is 24.25%.

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 owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 94.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on V. Barclays raised their price objective on shares of Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Citigroup upped their price objective on Visa from $319.00 to $326.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their target price on Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group restated a "buy" rating and set a $317.00 price target on shares of Visa in a research note on Thursday, September 12th. Finally, Susquehanna boosted their price objective on shares of Visa from $326.00 to $339.00 and gave the company a "positive" rating in a research note 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $321.74.

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.