2,745 Shares in Visa Inc. $V Acquired by Compass Financial Management LLC

Key Points

• Compass Financial Management acquired 2,745 Visa shares during the second quarter, worth approximately $973,000. Institutional investors collectively own 82.15% of Visa’s outstanding stock.
• Visa reported stronger-than-expected quarterly results, with EPS of $3.32 versus the $3.23 consensus estimate and revenue of $11.63 billion, up 14.4% year over year.
• Analysts maintain a positive outlook, with a consensus “Buy” rating and an average price target of $416.62, compared with Visa’s reported share price of $374.46.

Compass Financial Management LLC purchased a new position in Visa Inc. (NYSE:V - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,745 shares of the credit-card processor's stock, valued at approximately $973,000.

A number of other institutional investors have also added to or reduced their stakes in V. XXEC Inc. lifted its position in Visa by 153,118.8% during the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares during the last quarter. Norges Bank bought a new stake in shares of Visa in the 4th quarter worth about $5,877,738,000. Cardano Risk Management B.V. increased its holdings in shares of Visa by 867.6% in the 4th quarter. Cardano Risk Management B.V. now owns 8,213,610 shares of the credit-card processor's stock worth $2,880,595,000 after buying an additional 7,364,762 shares during the last quarter. Diamant Asset Management Inc. raised its position in shares of Visa by 29,706.3% during the 1st quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor's stock valued at $2,216,310,000 after buying an additional 7,308,345 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new stake in shares of Visa during the 2nd quarter valued at about $1,435,262,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

V stock opened at $374.46 on Monday. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $385.57. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $363.63 and a 200 day moving average price of $333.40. The stock has a market cap of $668.20 billion, a PE ratio of 31.84, a P/E/G ratio of 2.01 and a beta of 0.76.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same period in the prior year, the company posted $2.98 EPS. The firm's revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa's dividend payout ratio is currently 22.79%.

Wall Street Analyst Weigh In

Several research firms recently commented on V. UBS Group reiterated a "buy" rating and issued a $420.00 price target (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Robert W. Baird upped their price objective on Visa from $412.00 to $420.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Erste Group Bank raised Visa from a "hold" rating to a "buy" rating in a research note on Monday, July 27th. Citigroup reiterated a "buy" rating and issued a $440.00 target price (up from $400.00) on shares of Visa in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald set a $445.00 target price on Visa and gave the company an "overweight" rating in a research report on Monday, August 3rd. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $416.62.

Insider Transactions at Visa

In other Visa news, General Counsel Julie Rottenberg sold 2,028 shares of the company's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the transaction, the general counsel owned 18,404 shares of the company's stock, valued at $7,018,365.40. This represents a 9.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Mahon sold 57,272 shares of Visa stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total value of $20,902,561.84. Following the sale, the insider owned 49,662 shares of the company's stock, valued at approximately $18,125,140.14. This trade represents a 53.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 104,537 shares of company stock worth $37,540,837. 0.12% of the stock is currently owned by company 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.

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