Visa Inc. $V Shares Bought by Osprey Private Wealth LLC

Osprey Private Wealth LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 33.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,535 shares of the credit-card processor’s stock after purchasing an additional 9,215 shares during the quarter. Visa makes up about 4.5% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 5th biggest position. Osprey Private Wealth LLC’s holdings in Visa were worth $12,472,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in V. Family Legacy Financial Solutions LLC acquired a new stake in Visa in the 2nd quarter worth about $28,000. Harbor Asset Planning Inc. purchased a new position in shares of Visa during the 2nd quarter worth about $29,000. Sagard Holdings Management Inc. purchased a new position in shares of Visa during the 2nd quarter worth about $31,000. Bare Financial Services Inc boosted its position in shares of Visa by 287.0% in the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 66 shares during the last quarter. Finally, Cranbrook Wealth Management LLC grew its holdings in Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Up 1.0%

Shares of NYSE V opened at $349.45 on Friday. The stock has a fifty day moving average price of $337.48 and a 200 day moving average price of $344.79. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The company has a market cap of $636.61 billion, a P/E ratio of 34.23, a P/E/G ratio of 2.04 and a beta of 0.82.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The business had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.71 earnings per share. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio is currently 26.25%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on V shares. KeyCorp reaffirmed an “overweight” rating and set a $405.00 price target on shares of Visa in a research note on Wednesday, October 22nd. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Citigroup upgraded Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Robert W. Baird set a $425.00 price target on Visa in a research report on Wednesday, October 29th. Finally, Bank of America upgraded Visa from a “neutral” rating to a “buy” rating and set a $382.00 price target for the company in a research note on Thursday, December 11th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $402.52.

Insider Activity

In related news, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the sale, the director directly owned 2,468 shares of the company’s stock, valued at $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the sale, the insider directly owned 26,413 shares of the company’s stock, valued at $8,608,789.09. The trade was a 7.60% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 24,042 shares of company stock worth $8,175,152. 0.12% of the stock is currently owned by insiders.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.