TD Private Client Wealth LLC Has $10.47 Million Holdings in Visa Inc. $V

Key Points

• TD Private Client Wealth LLC increased its holdings in Visa Inc. by 7.2% during the 2nd quarter, bringing their total investment to $10.47 million.
• Visa's recent quarterly earnings report showed an EPS of $2.98, surpassing expectations and indicating a 14.3% year-over-year revenue increase.
• Despite positive earnings, Visa's stock experienced a slight decline of 1.1% recently, with an average price target set at $385.96 by analysts.

TD Private Client Wealth LLC boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,490 shares of the credit-card processor's stock after buying an additional 1,993 shares during the quarter. TD Private Client Wealth LLC's holdings in Visa were worth $10,470,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of V. Yeomans Consulting Group Inc. grew its holdings in Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after purchasing an additional 29 shares during the last quarter. Semus Wealth Partners LLC lifted 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 worth $1,209,000 after buying an additional 29 shares during the last quarter. Kennebec Savings Bank boosted its holdings in shares of Visa by 0.9% during the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock worth $1,182,000 after buying an additional 30 shares during the period. Capital Advisors Ltd. LLC grew its stake in Visa by 0.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,839 shares of the credit-card processor's stock valued at $1,345,000 after buying an additional 30 shares during the last quarter. Finally, Wood Tarver Financial Group LLC raised its holdings in Visa by 11.1% in the 1st quarter. Wood Tarver Financial Group LLC now owns 301 shares of the credit-card processor's stock worth $105,000 after acquiring an additional 30 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on V shares. Erste Group Bank lowered shares of Visa from a "buy" rating to a "hold" rating in a research report on Monday. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Barclays restated an "overweight" rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and raised their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Finally, Citigroup initiated coverage on Visa in a research report on Monday, June 2nd. They issued a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average price target of $385.96.

Visa Stock Down 1.1%

V stock opened at $335.09 on Friday. Visa Inc. has a twelve month low of $270.00 and a twelve month high of $375.51. 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 $614.15 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.25 and a beta of 0.92. The business's 50-day simple moving average is $344.89 and its 200 day simple moving average is $346.22.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating 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 firm had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same quarter in the prior year, the firm posted $2.42 EPS. The company's revenue for the quarter was up 14.3% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company 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. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio (DPR) is 23.05%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $697,328.54. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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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