7,235 Shares in Visa Inc. $V Acquired by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC purchased a new position in shares of Visa Inc. (NYSE:V) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,235 shares of the credit-card processor’s stock, valued at approximately $2,470,000. Visa makes up about 0.9% of Tred Avon Family Wealth LLC’s investment portfolio, making the stock its 26th largest position.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after purchasing an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its position in Visa by 4.6% in the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after acquiring an additional 477 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Visa by 0.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 54,205 shares of the credit-card processor’s stock worth $19,245,000 after buying an additional 181 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of Visa by 3.7% during the second quarter. Wedge Capital Management L L P NC now owns 2,657 shares of the credit-card processor’s stock valued at $943,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,172 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were 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 in the company, valued at $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at $183,117. This trade represents a 95.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 24,042 shares of company stock worth $8,247,289 in the last 90 days. 0.12% of the stock is currently owned by company insiders.

Visa Stock Up 0.2%

Shares of NYSE V opened at $328.41 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The stock has a market cap of $598.28 billion, a PE ratio of 32.17, a P/E/G ratio of 1.93 and a beta of 0.81. The company has a 50-day moving average of $339.29 and a 200 day moving average of $343.18. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $2.71 earnings per share. As a group, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were issued a $0.67 dividend. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio (DPR) is presently 26.25%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on V. Hsbc Global Res raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. UBS Group reissued a “buy” rating on shares of Visa in a research report on Tuesday, January 13th. Macquarie dropped their target price on shares of Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Morgan Stanley set a $398.00 target price on shares of Visa and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Citigroup raised shares of Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Visa currently has an average rating of “Buy” and an average price target of $402.52.

About Visa

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.