Visa Inc. (NYSE:V) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC trimmed its position in Visa Inc. (NYSE:V - Free Report) by 16.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,940 shares of the credit-card processor's stock after selling 3,542 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in Visa were worth $4,933,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in V. WFA Asset Management Corp increased its holdings in Visa by 4.6% in the 1st quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor's stock worth $632,000 after acquiring an additional 100 shares in the last quarter. Guardian Capital LP grew its holdings in Visa by 5.8% during the 1st quarter. Guardian Capital LP now owns 2,691 shares of the credit-card processor's stock valued at $751,000 after buying an additional 147 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Visa during the 1st quarter valued at approximately $3,609,000. Steel Grove Capital Advisors LLC grew its holdings in Visa by 12.8% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,289 shares of the credit-card processor's stock valued at $918,000 after buying an additional 372 shares in the last quarter. Finally, Tremblant Capital Group grew its holdings in Visa by 122.7% during the 1st quarter. Tremblant Capital Group now owns 4,612 shares of the credit-card processor's stock valued at $1,287,000 after buying an additional 2,541 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's 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 directly 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 document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Visa Trading Down 0.1 %

Shares of V traded down $0.34 during trading hours on Friday, reaching $309.56. 2,001,735 shares of the company traded hands, compared to its average volume of 6,944,400. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock's fifty day moving average price is $289.07 and its 200 day moving average price is $277.08. The firm has a market cap of $564.11 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 2.09 and a beta of 0.95. Visa Inc. has a 12-month low of $251.61 and a 12-month high of $312.44.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. Sell-side analysts forecast that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.59 dividend. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, November 12th. Visa's payout ratio is presently 24.25%.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Visa from $300.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Oppenheimer reaffirmed an "outperform" rating and set a $321.00 price objective (up from $318.00) on shares of Visa in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upgraded Visa from a "moderate buy" rating to a "strong-buy" rating in a research report on Tuesday, September 24th. Susquehanna increased their target price on Visa from $326.00 to $339.00 and gave the company a "positive" rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their target price on Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Four investment 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 data from MarketBeat, the stock 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.