Dynamic Advisor Solutions LLC Increases Stock Holdings in Visa Inc. $V

Key Points

• Dynamic Advisor Solutions LLC increased its holdings in Visa Inc. by 2.2% in Q2, bringing its total ownership to $12.23 million.
• Several institutional investors, including Vanguard Group Inc. and Northern Trust Corp, have also increased their stakes in Visa during the first quarter.
• Visa reported an EPS of $2.98 for the latest quarter, exceeding estimates, with a revenue of $10.17 billion, representing a 14.3% year-over-year increase.

Dynamic Advisor Solutions LLC boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,456 shares of the credit-card processor's stock after purchasing an additional 737 shares during the period. Dynamic Advisor Solutions LLC's holdings in Visa were worth $12,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new stake in Visa in the first quarter valued at $26,000. von Borstel & Associates Inc. acquired a new stake in Visa in the first quarter valued at $27,000. 1 North Wealth Services LLC acquired a new stake in Visa in the first quarter valued at $38,000. Anderson Financial Strategies LLC acquired a new stake in Visa in the first quarter valued at $53,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Visa during the 1st quarter worth about $54,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on V shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a research note on Thursday, July 17th. They set a "buy" rating and a $410.00 target price for the company. Oppenheimer raised their price target on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Citigroup assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. Truist Financial lowered their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $385.96.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. 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 8,630 shares of the business's stock in a transaction on 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 owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Visa Price Performance

Shares of Visa stock traded up $3.89 during midday trading on Friday, hitting $342.07. 13,657,860 shares of the company traded hands, compared to its average volume of 4,986,314. The stock has a market cap of $626.94 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 2.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The firm's fifty day moving average price is $345.70 and its 200-day moving average price is $346.37. Visa Inc. has a 12 month low of $268.23 and a 12 month high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $2.42 EPS. The firm's revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

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

About Visa

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.