Invst LLC Grows Holdings in Visa Inc. $V

Key Points

• Invst LLC has increased its holdings in Visa Inc. by 42.6% in the first quarter, totaling a value of $1.28 million with 3,654 shares owned.
• Wall Street analysts have notably increased their price targets for Visa, with Macquarie setting a new target of $425.00, and the stock currently has a consensus rating of "Moderate Buy."
• Visa recently declared a quarterly dividend of $0.59 per share, resulting in an annualized yield of 0.7% and a payout ratio of 23.05%.

Invst LLC increased its position in Visa Inc. (NYSE:V - Free Report) by 42.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,654 shares of the credit-card processor's stock after acquiring an additional 1,091 shares during the quarter. Invst LLC's holdings in Visa were worth $1,280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Keystone Global Partners LLC purchased a new stake in Visa in the 1st quarter worth approximately $26,000. von Borstel & Associates Inc. purchased a new stake in Visa during the 1st quarter valued at approximately $27,000. 1 North Wealth Services LLC purchased a new stake in Visa during the 1st quarter valued at approximately $38,000. Anderson Financial Strategies LLC purchased a new stake in Visa during the 1st quarter valued at approximately $53,000. Finally, O Brien Wealth Partners LLC purchased a new stake in Visa during the 1st quarter valued at approximately $54,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research analyst reports. Macquarie increased their price objective on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Citigroup initiated coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating for the company. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Barclays reaffirmed an "overweight" rating and set a $408.00 price objective (up from $396.00) on shares of Visa in a report on Thursday, July 31st. Finally, The Goldman Sachs Group began coverage on shares of Visa in a report on Monday, June 2nd. They set a "neutral" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average price target of $385.96.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value 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. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Stock Up 1.5%

NYSE V opened at $343.28 on Friday. 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 company has a market capitalization of $629.16 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.25 and a beta of 0.92. Visa Inc. has a one year low of $268.23 and a one year high of $375.51. The stock has a 50 day moving average price of $347.41 and a 200-day moving average price of $347.03.

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, beating analysts' consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.42 EPS. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

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