Northstar Financial Companies Inc. Has $7.87 Million Position in Visa Inc. $V

Key Points

• Northstar Financial Companies Inc. reduced its stake in Visa Inc. by 19.2%, holding 22,455 shares worth approximately $7.87 million, making Visa the second largest position in its investment portfolio.
• Visa reported earnings per share (EPS) of $2.98 for the latest quarter, exceeding analyst expectations of $2.85, along with a revenue of $10.17 billion, reflecting a year-over-year increase of 14.3%.
• The company recently announced a quarterly dividend of $0.59, translating to an annualized dividend of $2.36 with a yield of approximately 0.7%.

Northstar Financial Companies Inc. lowered its stake in Visa Inc. (NYSE:V - Free Report) by 19.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,455 shares of the credit-card processor's stock after selling 5,336 shares during the quarter. Visa makes up approximately 8.5% of Northstar Financial Companies Inc.'s investment portfolio, making the stock its 2nd largest position. Northstar Financial Companies Inc.'s holdings in Visa were worth $7,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. FWL Investment Management LLC lifted its holdings in shares of Visa by 0.5% in the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after acquiring an additional 29 shares during the last quarter. Yeomans Consulting Group Inc. increased its stake in shares of Visa by 2.9% in the first 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 period. Semus Wealth Partners LLC increased its stake in shares of Visa by 0.8% in the first quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after buying an additional 29 shares during the period. Headinvest LLC increased its stake in shares of Visa by 0.8% in the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after buying an additional 30 shares during the period. Finally, Kennebec Savings Bank increased its stake in shares of Visa by 0.9% in the first quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock valued at $1,182,000 after buying an additional 30 shares during the period. Institutional investors own 82.15% of the company's stock.

Visa Stock Performance

Shares of V stock opened at $350.72 on Thursday. Visa Inc. has a 52 week low of $267.67 and a 52 week high of $375.51. The firm has a 50 day moving average of $347.87 and a 200-day moving average of $347.44. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a market cap of $642.80 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last announced its quarterly 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. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the previous year, the business posted $2.42 EPS. Visa's quarterly revenue was up 14.3% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm'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 transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,127 shares of company stock valued at $28,340,553. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on V. William Blair reissued an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and increased their target price for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. The Goldman Sachs Group began coverage on shares of Visa in a research report on Monday, June 2nd. They set a "neutral" rating for the company. Oppenheimer increased their target price 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. Finally, Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $380.84.

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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