GW Henssler & Associates Ltd. Purchases 1,184 Shares of Visa Inc. $V

Key Points

• GW Henssler & Associates Ltd. increased its stake in Visa Inc. by 1.5%, acquiring an additional 1,184 shares, bringing its total holdings to 81,440 shares valued at approximately $28.5 million.
• Several large investors, including Cigna Investments Inc. and First Financial Bankshares Inc., have recently adjusted their holdings in Visa, highlighting ongoing interest in the stock.
• The company reported Q2 earnings of $2.98 per share, exceeding estimates of $2.85, along with a revenue increase of 14.3% year-over-year, amounting to $10.17 billion.

GW Henssler & Associates Ltd. raised its stake in Visa Inc. (NYSE:V - Free Report) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,440 shares of the credit-card processor's stock after purchasing an additional 1,184 shares during the period. Visa accounts for about 1.6% of GW Henssler & Associates Ltd.'s holdings, making the stock its 20th biggest position. GW Henssler & Associates Ltd.'s holdings in Visa were worth $28,542,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Lakeridge Wealth Management LLC boosted its stake in shares of Visa by 5.7% during the 1st 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 during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in 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 valued at $159,523,000 after acquiring an additional 57,800 shares during the period. Rafferty Asset Management LLC increased its holdings in Visa by 7.7% in the 4th quarter. Rafferty Asset Management LLC now owns 610,517 shares of the credit-card processor's stock valued at $192,948,000 after purchasing an additional 43,546 shares in the last quarter. FJ Capital Management LLC acquired a new stake in Visa in the 4th quarter valued at $283,000. Finally, Yeomans Consulting Group Inc. boosted its position in Visa by 2.9% in the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Analysts Set New Price Targets

V has been the topic of several research analyst reports. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Oppenheimer lifted their price target on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target on the stock. Raymond James Financial restated an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group upped their price target on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average price target of $383.17.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly 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 document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares in the company, 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. Insiders have sold 68,507 shares of company stock valued at $25,213,475 over the last ninety days. Insiders own 0.13% of the company's stock.

Visa Trading Up 0.1%

Shares of Visa stock traded up $0.28 on Wednesday, hitting $350.35. The stock had a trading volume of 4,035,793 shares, compared to its average volume of 5,490,003. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a one year low of $268.23 and a one year high of $375.51. The stock has a market cap of $642.11 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 2.34 and a beta of 0.92. The stock's 50-day simple moving average is $348.47 and its two-hundred day simple moving average is $347.36.

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

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is presently 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.