Janiczek Wealth Management LLC raised its position in Visa Inc. (NYSE:V – Free Report) by 10.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,876 shares of the credit-card processor’s stock after acquiring an additional 262 shares during the period. Janiczek Wealth Management LLC’s holdings in Visa were worth $683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Visa by 3.7% during the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after acquiring an additional 2,572,159 shares during the period. Morgan Stanley raised its stake in shares of Visa by 13.0% during the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Visa by 4.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,100,136 shares of the credit-card processor’s stock worth $10,616,564,000 after purchasing an additional 2,216,275 shares during the period. Geode Capital Management LLC grew its holdings in Visa by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 32,221,146 shares of the credit-card processor’s stock valued at $6,683,673,000 after buying an additional 640,839 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in shares of Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after buying an additional 24,483,134 shares during the period. Hedge funds and other institutional investors own 81.35% of the company’s stock.
Insider Activity at Visa
In related news, CEO Ryan Mcinerney sold 24,025 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total transaction of $5,766,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Rajat Taneja sold 15,800 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $250.01, for a total value of $3,950,158.00. Following the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $58,030,321.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 24,025 shares of Visa stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total transaction of $5,766,000.00. The disclosure for this sale can be found here. Insiders sold a total of 81,550 shares of company stock worth $19,795,806 over the last quarter. 0.21% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Visa Trading Up 1.5 %
Shares of V stock opened at $244.64 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50-day moving average of $241.67 and a 200 day moving average of $232.37. The stock has a market capitalization of $455.48 billion, a PE ratio of 31.05, a P/E/G ratio of 1.81 and a beta of 0.95. Visa Inc. has a 1-year low of $174.60 and a 1-year high of $250.06.
Visa (NYSE:V – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The credit-card processor reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.06 billion. Visa had a net margin of 51.94% and a return on equity of 49.42%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.98 EPS. As a group, sell-side analysts anticipate that Visa Inc. will post 8.65 earnings per share for the current year.
Visa Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.80 dividend on an annualized basis and a yield of 0.74%. Visa’s dividend payout ratio is presently 22.84%.
Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.
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