Journey Advisory Group LLC Buys 927 Shares of Visa Inc. $V

Key Points

• Journey Advisory Group LLC increased its stake in Visa Inc. by 4.4%, acquiring an additional 927 shares, bringing its total holdings to 21,842 shares valued at approximately $7.76 million.
• Visa's most recent quarterly earnings report showed an EPS of $2.98, surpassing analysts' expectations, with revenue growth of 14.3% year-over-year.
• Institutional investors own 82.15% of Visa's stock, indicating strong institutional interest and confidence in the company.

Journey Advisory Group LLC raised its stake in shares of Visa Inc. (NYSE:V - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,842 shares of the credit-card processor's stock after buying an additional 927 shares during the period. Journey Advisory Group LLC's holdings in Visa were worth $7,755,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after buying an additional 6,883 shares during the period. 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 worth $3,733,000 after buying an additional 4,817 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Visa by 9.9% during the 1st quarter. GAMMA Investing LLC now owns 42,120 shares of the credit-card processor's stock worth $14,761,000 after buying an additional 3,795 shares during the period. Figure 8 Investment Strategies LLC boosted its holdings in shares of Visa by 1.0% during the 1st quarter. Figure 8 Investment Strategies LLC now owns 8,624 shares of the credit-card processor's stock worth $3,022,000 after buying an additional 83 shares during the period. Finally, Narwhal Capital Management boosted its holdings in shares of Visa by 6.4% during the 1st quarter. Narwhal Capital Management now owns 52,609 shares of the credit-card processor's stock worth $18,437,000 after buying an additional 3,177 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the transaction, the chief executive officer owned 537 shares of the company's stock, valued at approximately $183,815.10. This represents a 95.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on V. UBS Group reaffirmed a "buy" rating and set a $415.00 price objective (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Citigroup began coverage on shares of Visa in a report on Wednesday. They set a "buy" rating and a $450.00 price objective for the company. Oppenheimer upped their price objective on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Wells Fargo & Company set a $412.00 price target on shares of Visa and gave the company an "overweight" rating in a report on Tuesday. Finally, Barclays reissued an "overweight" rating and issued a $408.00 price target (up from $396.00) on shares of Visa in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average target price of $392.75.

Visa Trading Down 0.6%

Shares of V stock opened at $345.10 on Thursday. Visa Inc. has a 52-week low of $280.78 and a 52-week high of $375.51. The stock has a market cap of $632.50 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 2.05 and a beta of 0.90. 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 has a fifty day moving average of $344.72 and a 200-day moving average of $347.09.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same quarter in the prior year, the company posted $2.42 EPS. The business's revenue was up 14.3% on a year-over-year basis. On average, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were paid a $0.59 dividend. The ex-dividend date 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 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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