Schnieders Capital Management LLC Increases Stock Holdings in Visa Inc. $V

Key Points

• Schnieders Capital Management LLC increased its holdings in Visa Inc. by 13.8%, now owning 18,367 shares valued at approximately $6.5 million, making Visa its 24th largest position.
• Several major investors, including Vanguard Group and Wellington Management, also adjusted their stakes in Visa during the first quarter, reflecting strong institutional interest in the stock.
• Visa's CEO, Ryan Mcinerney, sold over 10,000 shares recently, a move that reduced his ownership by 95.13%, amidst a backdrop of strong performance with a reported $2.98 EPS in the latest quarterly earnings.

Schnieders Capital Management LLC raised its position in shares of Visa Inc. (NYSE:V - Free Report) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,367 shares of the credit-card processor's stock after purchasing an additional 2,230 shares during the quarter. Visa accounts for 1.1% of Schnieders Capital Management LLC's portfolio, making the stock its 24th largest position. Schnieders Capital Management LLC's holdings in Visa were worth $6,521,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in V. Nuveen LLC purchased a new stake in Visa during the 1st quarter valued at about $3,518,533,000. Vanguard Group Inc. grew its stake in Visa by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 161,082,431 shares of the credit-card processor's stock valued at $56,452,949,000 after purchasing an additional 1,677,088 shares during the last quarter. Wellington Management Group LLP grew its stake in Visa by 17.7% during the 1st quarter. Wellington Management Group LLP now owns 10,979,720 shares of the credit-card processor's stock valued at $3,847,953,000 after purchasing an additional 1,651,954 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Visa during the 1st quarter valued at about $373,240,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Visa by 7.2% during the 1st 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 valued at $5,003,569,000 after purchasing an additional 955,392 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 10,485 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction that occurred 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 trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on V. Wells Fargo & Company set a $412.00 price target on Visa and gave the company an "overweight" rating in a research note on Tuesday. Barclays restated an "overweight" rating and issued a $408.00 target price (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price on the stock. UBS Group restated a "buy" rating and issued a $415.00 target price (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Finally, Citigroup assumed coverage on Visa in a research note on Wednesday. They issued a "buy" rating and a $450.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus price target of $392.75.

Visa Stock Down 0.6%

Visa stock opened at $345.10 on Thursday. The stock has a market capitalization 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. Visa Inc. has a 12 month low of $280.78 and a 12 month high of $375.51. The business has a 50 day simple moving average of $344.72 and a 200-day simple moving average of $347.09. 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 (NYSE:V - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $10.17 billion during 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 business's revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.42 earnings per share. On average, analysts anticipate that Visa Inc. will post 11.3 EPS 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 given 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 payout ratio is 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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