Coppell Advisory Solutions LLC Has $9.51 Million Position in Visa Inc. $V

Key Points

• Coppell Advisory Solutions LLC increased its position in Visa Inc. by 846.1% during Q1, holding 27,843 shares valued at $9.51 million as of the end of the quarter.
• Visa reported $2.98 EPS for the last quarter, exceeding estimates, with revenue of $10.17 billion, a 14.3% increase year-over-year.
• The company announced a quarterly dividend of $0.59 per share, representing a 0.7% yield, with a payout ratio of 23.05%.

Coppell Advisory Solutions LLC grew its holdings in Visa Inc. (NYSE:V - Free Report) by 846.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,843 shares of the credit-card processor's stock after purchasing an additional 24,900 shares during the quarter. Visa comprises about 0.8% of Coppell Advisory Solutions LLC's investment portfolio, making the stock its 16th largest position. Coppell Advisory Solutions LLC's holdings in Visa were worth $9,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lakeridge Wealth Management LLC boosted its stake in Visa by 5.7% in the first quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor's stock worth $528,000 after purchasing an additional 81 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Visa by 14.5% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 455,183 shares of the credit-card processor's stock worth $159,523,000 after acquiring an additional 57,800 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of Visa by 7.7% during the fourth quarter. Rafferty Asset Management LLC now owns 610,517 shares of the credit-card processor's stock worth $192,948,000 after acquiring an additional 43,546 shares during the last quarter. Yeomans Consulting Group Inc. raised its position in shares of Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after acquiring an additional 29 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Visa during the first quarter worth $121,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Down 2.3%

Shares of Visa stock opened at $343.02 on Monday. Visa Inc. has a 1 year low of $268.23 and a 1 year high of $375.51. The business has a 50-day moving average of $348.51 and a two-hundred day moving average of $347.19. The company has a market capitalization of $628.67 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

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

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio is currently 23.05%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup assumed coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Macquarie upped their price objective on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. The Goldman Sachs Group assumed coverage on Visa in a report on Monday, June 2nd. They issued a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective for the company. Finally, Oppenheimer upped their price objective on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $385.96.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,293 shares of company stock valued at $8,114,295 over the last three months. Company insiders own 0.13% of the company's stock.

Visa Company 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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.