Visa Inc. $V Shares Purchased by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC increased its holdings in Visa Inc. (NYSE:VFree Report) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 246,557 shares of the credit-card processor’s stock after buying an additional 6,809 shares during the period. Visa accounts for about 2.1% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 20th biggest position. Locust Wood Capital Advisers LLC’s holdings in Visa were worth $84,170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Harbor Asset Planning Inc. purchased a new position in shares of Visa during the second quarter worth $29,000. Sagard Holdings Management Inc. purchased a new position in shares of Visa during the 2nd quarter valued at about $31,000. Bare Financial Services Inc lifted its holdings in shares of Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 66 shares during the period. Cranbrook Wealth Management LLC boosted its stake in shares of Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after buying an additional 41 shares during the last quarter. Finally, Hoese & Co LLP acquired a new stake in Visa during the second quarter worth about $36,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Macquarie decreased their price target on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Hsbc Global Res upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Evercore ISI set a $380.00 price target on shares of Visa in a research report on Friday, December 12th. Morgan Stanley set a $398.00 price objective on shares of Visa and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, UBS Group reissued a “buy” rating on shares of Visa in a research note on Tuesday, January 13th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Buy” and a consensus price target of $401.52.

Check Out Our Latest Analysis on Visa

Visa Stock Performance

NYSE:V opened at $325.97 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $593.83 billion, a PE ratio of 31.93, a P/E/G ratio of 1.91 and a beta of 0.81. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51. The company has a fifty day moving average of $338.57 and a two-hundred day moving average of $342.71.

Visa (NYSE:VGet Free Report) last released its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The business had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.71 earnings per share. As a group, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were paid a dividend of $0.67 per share. This is an increase from Visa’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, November 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s dividend payout ratio (DPR) is presently 26.25%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,117. This represents a 95.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 900 shares of Visa stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the sale, the director directly owned 2,468 shares in the company, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 24,042 shares of company stock valued at $8,247,289 over the last quarter. 0.12% of the stock is currently owned by insiders.

Trending Headlines about Visa

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Visa Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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