Oxbow Advisors LLC Has $13.38 Million Position in Visa Inc. $V

Key Points

• Oxbow Advisors LLC increased its Visa Inc. holdings by 18.6% in the second quarter, bringing its total investment to approximately $13.38 million.
• Visa reported an earnings per share of $2.98 for the last quarter, exceeding analysts' expectations and indicating a 14.3% revenue growth year-over-year.
• A significant portion, 82.15%, of Visa's stock is owned by institutional investors, highlighting strong institutional interest in the company.

Oxbow Advisors LLC boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 18.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,690 shares of the credit-card processor's stock after buying an additional 5,922 shares during the period. Visa makes up about 1.5% of Oxbow Advisors LLC's investment portfolio, making the stock its 15th biggest position. Oxbow Advisors LLC's holdings in Visa were worth $13,382,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Visa by 14.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 455,183 shares of the credit-card processor's stock worth $159,523,000 after purchasing an additional 57,800 shares during the period. Precedent Wealth Partners LLC raised its holdings in Visa by 7.5% in the second quarter. Precedent Wealth Partners LLC now owns 1,588 shares of the credit-card processor's stock worth $564,000 after purchasing an additional 111 shares during the period. Consilium Wealth Advisory LLC acquired a new stake in Visa in the second quarter worth $862,000. Iron Gate Global Advisors LLC raised its holdings in Visa by 5.9% in the first quarter. Iron Gate Global Advisors LLC now owns 62,890 shares of the credit-card processor's stock worth $22,040,000 after purchasing an additional 3,484 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Visa by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 14,277,146 shares of the credit-card processor's stock worth $5,003,569,000 after purchasing an additional 955,392 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated 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 of the company's stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. 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 Visa stock in a transaction dated 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 directly owned 537 shares of the company's stock, valued at approximately $183,815.10. This trade represents a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on V. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price on the stock. Raymond James Financial reissued an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Robert W. Baird set a $410.00 price objective on shares of Visa and gave the stock an "outperform" rating in a research report on Monday, October 6th. Barclays reissued an "overweight" rating and set a $408.00 price objective (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Finally, UBS Group reissued a "buy" rating and set a $415.00 price objective (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $389.00.

Visa Stock Up 0.7%

Visa stock opened at $344.44 on Tuesday. The company has a market cap of $631.28 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. Visa Inc. has a 1-year low of $280.78 and a 1-year high of $375.51. The company has a fifty day simple moving average of $344.47 and a 200 day simple moving average of $347.11. 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 (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.42 earnings per share. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced 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 of this dividend 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 23.05%.

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.