One Wealth Advisors LLC Lowers Holdings in Visa Inc. $V

Key Points

• One Wealth Advisors LLC decreased its holdings in Visa Inc. by 21.2%, selling 1,716 shares and now holding 6,382 shares valued at $2,266,000.
• Insider selling was observed, with General Counsel Julie B. Rottenberg and CEO Ryan McInerney selling 2,027 and 10,485 shares respectively, reflecting significant decreases in their ownership positions.
• Visa reported strong quarterly earnings, achieving an EPS of $2.98 and a revenue of $10.17 billion, surpassing analyst expectations.

One Wealth Advisors LLC decreased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 21.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,382 shares of the credit-card processor's stock after selling 1,716 shares during the quarter. One Wealth Advisors LLC's holdings in Visa were worth $2,266,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in V. Keystone Global Partners LLC purchased a new position in Visa during the first quarter valued at $26,000. von Borstel & Associates Inc. purchased a new position in Visa during the first quarter valued at $27,000. Family Legacy Financial Solutions LLC purchased a new position in Visa during the second quarter valued at $28,000. Cranbrook Wealth Management LLC raised its stake 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 last quarter. Finally, 1 North Wealth Services LLC purchased a new position in Visa during the first quarter valued at $38,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

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

Visa Stock Performance

Shares of V opened at $345.97 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a one year low of $273.24 and a one year high of $375.51. The firm has a market capitalization of $634.09 billion, a P/E ratio of 33.79, a PEG ratio of 2.06 and a beta of 0.90. The business has a fifty day moving average of $343.92 and a 200 day moving average of $346.60.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company 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 company posted $2.42 earnings per share. Visa's revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 annualized dividend and a dividend yield of 0.7%. Visa's payout ratio is presently 23.05%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on V shares. Barclays reissued an "overweight" rating and issued a $408.00 target price (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. Macquarie lifted their target price on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft started coverage on Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. Raymond James Financial reissued an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Finally, Erste Group Bank lowered Visa from a "buy" rating to a "hold" rating in a report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $385.96.

Visa Company 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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.