Strategic Financial Group LLC acquired a new position in shares of Visa Inc (NYSE:V) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,858 shares of the credit-card processor’s stock, valued at approximately $246,000.
A number of other large investors have also recently made changes to their positions in the business. Earnest Partners LLC bought a new stake in shares of Visa in the 4th quarter valued at about $100,000. AlphaOne Investment Services LLC bought a new stake in shares of Visa in the 4th quarter valued at about $108,000. Financial Gravity Companies Inc. bought a new stake in shares of Visa in the 4th quarter valued at about $112,000. Slow Capital Inc. bought a new stake in shares of Visa in the 4th quarter valued at about $132,000. Finally, Bedel Financial Consulting Inc. bought a new stake in shares of Visa in the 1st quarter valued at about $176,000. 80.23% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on V shares. UBS Group started coverage on Visa in a research note on Friday, May 18th. They issued a “neutral” rating and a $141.00 price target for the company. Wedbush boosted their price objective on Visa from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, June 6th. Buckingham Research boosted their price objective on Visa from $152.00 to $169.00 and gave the company a “buy” rating in a research report on Tuesday, June 26th. Wells Fargo & Co boosted their price objective on Visa from $143.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, July 12th. Finally, Oppenheimer boosted their price objective on Visa from $143.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. Three investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $149.35.
NYSE:V opened at $142.67 on Thursday. Visa Inc has a twelve month low of $102.75 and a twelve month high of $147.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $298.81 billion, a price-to-earnings ratio of 41.00, a PEG ratio of 1.82 and a beta of 1.09.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.11. Visa had a return on equity of 36.09% and a net margin of 47.91%. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. The business’s revenue was up 14.8% on a year-over-year basis. sell-side analysts forecast that Visa Inc will post 4.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Friday, August 17th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Thursday, August 16th. Visa’s payout ratio is presently 24.14%.
In other news, CFO Vasant M. Prabhu sold 25,064 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total value of $3,522,995.84. Following the completion of the sale, the chief financial officer now owns 58,232 shares of the company’s stock, valued at approximately $8,185,089.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP James H. Hoffmeister sold 6,912 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the completion of the sale, the senior vice president now directly owns 6,912 shares of the company’s stock, valued at approximately $967,749.12. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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