TBH Global Asset Management LLC Purchases 3,286 Shares of Visa Inc. $V

Key Points

• TBH Global Asset Management increased its stake in Visa by 34.1%, buying 3,286 shares to hold 12,926 shares worth about $4.53 million as of its latest 13F filing.
• Several other institutions also raised positions (institutional ownership is 82.15%), and analysts hold a consensus Buy rating on Visa with an average price target of $387.79.
• Insider Director Lloyd Carney sold 650 shares (reducing his stake by 19.53%), while Visa recently beat quarterly EPS estimates ($3.17 vs. $3.14), reported 14.6% revenue growth, has a market cap around $562 billion, and pays a $0.67 quarterly dividend (≈0.9% yield).

TBH Global Asset Management LLC lifted its position in Visa Inc. (NYSE:V - Free Report) by 34.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,926 shares of the credit-card processor's stock after acquiring an additional 3,286 shares during the quarter. TBH Global Asset Management LLC's holdings in Visa were worth $4,533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in V. Brighton Jones LLC raised its holdings in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after acquiring an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after acquiring an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in shares of Visa by 4.6% in the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor's stock valued at $3,834,000 after acquiring an additional 477 shares in the last quarter. Matrix Asset Advisors Inc. NY raised its holdings in shares of Visa by 16.9% in the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor's stock valued at $402,000 after acquiring an additional 164 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in shares of Visa by 13.8% in the second quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor's stock valued at $6,521,000 after acquiring an additional 2,230 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on V shares. BMO Capital Markets began coverage on Visa in a report on Tuesday, April 21st. They issued an "outperform" rating and a $365.00 price objective for the company. Bank of America began coverage on Visa in a research note on Thursday, March 5th. They issued a "buy" rating and a $410.00 target price on the stock. TD Cowen reiterated a "buy" rating on shares of Visa in a research note on Friday, January 30th. UBS Group cut their target price on Visa from $425.00 to $390.00 and set a "buy" rating on the stock in a research note on Tuesday, March 31st. Finally, Daiwa Securities Group upgraded Visa from a "neutral" rating to an "outperform" rating and set a $370.00 target price on the stock in a research note on Monday, February 2nd. Seven research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $387.79.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 650 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director owned 2,679 shares in the company, valued at $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Visa Price Performance

V opened at $309.66 on Monday. The business's 50-day moving average is $309.88 and its two-hundred day moving average is $327.83. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $375.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $562.09 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 1.78 and a beta of 0.80.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The firm's quarterly revenue was up 14.6% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 12.84 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were given a $0.67 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa's dividend payout ratio is currently 25.14%.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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