Visa Inc. (NYSE:V) Shares Bought by Brentview Investment Management LLC

Key Points

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Brentview Investment Management LLC grew its position in Visa Inc. (NYSE:V - Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,444 shares of the credit-card processor's stock after acquiring an additional 735 shares during the period. Visa comprises about 2.9% of Brentview Investment Management LLC's portfolio, making the stock its 11th largest holding. Brentview Investment Management LLC's holdings in Visa were worth $5,412,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position 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 buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after acquiring an additional 4,817 shares in the last quarter. Headlands Technologies LLC boosted its holdings in shares of Visa by 81.0% during the 4th quarter. Headlands Technologies LLC now owns 5,156 shares of the credit-card processor's stock valued at $1,630,000 after acquiring an additional 2,307 shares in the last quarter. Potomac Fund Management Inc. ADV bought a new stake in Visa during the 4th quarter worth $328,000. Finally, Meeder Advisory Services Inc. increased its holdings in Visa by 6.3% in the 4th quarter. Meeder Advisory Services Inc. now owns 28,799 shares of the credit-card processor's stock worth $9,102,000 after purchasing an additional 1,712 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,913 shares of company stock valued at $32,902,432. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Oppenheimer lifted their price target on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a research report on Wednesday. Morgan Stanley raised their price objective on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research report on Wednesday. BMO Capital Markets upped their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a research report on Thursday, July 17th. They set a "buy" rating and a $410.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $380.84.

Visa Trading Down 1.4%

Shares of V stock traded down $4.92 on Friday, reaching $340.55. 1,977,836 shares of the company's stock were exchanged, compared to its average volume of 6,581,209. The company's fifty day simple moving average is $355.36 and its 200 day simple moving average is $346.13. Visa Inc. has a 52 week low of $254.51 and a 52 week high of $375.51. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $628.37 billion, a PE ratio of 33.25, a P/E/G ratio of 2.36 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the prior year, the firm earned $2.42 EPS. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio is currently 23.05%.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. 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, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; 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.