Strategy Asset Managers LLC Raises Stock Holdings in Visa Inc. (NYSE:V)

Strategy Asset Managers LLC grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 63.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,140 shares of the credit-card processor's stock after acquiring an additional 2,771 shares during the period. Strategy Asset Managers LLC's holdings in Visa were worth $1,963,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in V. Peterson Financial Group Inc. purchased a new position in shares of Visa during the 3rd quarter valued at $26,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor's stock valued at $28,000 after acquiring an additional 97 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Visa in the 3rd quarter valued at about $31,000. TruNorth Capital Management LLC boosted 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 valued at $34,000 after acquiring an additional 89 shares during the last quarter. Finally, Bbjs Financial Advisors LLC bought a new position in shares of Visa in the second quarter worth approximately $35,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 stock was 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 $148,687.06. The trade was a 94.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on V shares. Mizuho lifted their price target on Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. TD Cowen upped their target price on Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Citigroup lifted their price target on shares of Visa from $319.00 to $326.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Robert W. Baird upped their price objective on shares of Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Susquehanna lifted their target price on shares of Visa from $326.00 to $339.00 and gave the stock a "positive" rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average target price of $321.74.

Visa Stock Down 1.7 %

Shares of NYSE:V traded down $5.30 during trading on Wednesday, reaching $306.55. 2,352,899 shares of the stock traded hands, compared to its average volume of 6,953,878. The stock has a market cap of $558.63 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a 50-day moving average of $288.10 and a two-hundred day moving average of $276.63. Visa Inc. has a 52-week low of $250.03 and a 52-week high of $312.44.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the company earned $2.33 EPS. The company's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect 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. 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 annualized dividend and a yield of 0.77%. This is a boost from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio is currently 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.