Klingman & Associates LLC Buys 1,005 Shares of Visa Inc. $V

Klingman & Associates LLC boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,824 shares of the credit-card processor's stock after acquiring an additional 1,005 shares during the quarter. Klingman & Associates LLC's holdings in Visa were worth $3,133,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in V. Keystone Global Partners LLC acquired a new position in shares of Visa during the 1st quarter valued at $26,000. von Borstel & Associates Inc. bought a new stake in shares of Visa in the 1st quarter worth $27,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Visa in the 2nd quarter worth $28,000. Harbor Asset Planning Inc. bought a new stake in shares of Visa in the 2nd quarter worth $29,000. Finally, Cranbrook Wealth Management LLC grew its position in Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock valued at $32,000 after buying an additional 41 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

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

Visa Trading Down 0.6%

Shares of NYSE:V opened at $345.10 on Thursday. The stock has a 50 day moving average of $344.72 and a 200 day moving average of $347.09. The company has a market cap of $632.50 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 12-month low of $280.78 and a 12-month high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $10.17 billion for 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 company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.42 EPS. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

Analyst Ratings Changes

V has been the subject of several research reports. Oppenheimer increased their price target on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Erste Group Bank downgraded shares of Visa from a "buy" rating to a "hold" rating in a report on Monday, September 22nd. Citigroup assumed coverage on shares of Visa in a research note on Wednesday. They issued a "buy" rating and a $450.00 target price on the stock. UBS Group reissued a "buy" rating and set a $415.00 price target (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Finally, Barclays reissued an "overweight" rating and set a $408.00 price target (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $392.75.

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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