Three Bridge Wealth Advisors LLC Acquires 899 Shares of Visa Inc. $V

Three Bridge Wealth Advisors LLC grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 24.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,593 shares of the credit-card processor's stock after purchasing an additional 899 shares during the quarter. Three Bridge Wealth Advisors LLC's holdings in Visa were worth $1,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Keystone Global Partners LLC bought a new position in Visa in the 1st quarter worth $26,000. von Borstel & Associates Inc. bought a new position in Visa in the 1st quarter worth $27,000. Family Legacy Financial Solutions LLC bought a new position in Visa in the 2nd quarter worth $28,000. Cranbrook Wealth Management LLC raised its holdings in Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock worth $32,000 after acquiring an additional 41 shares during the period. Finally, 1 North Wealth Services LLC bought a new position in Visa in the 1st quarter worth $38,000. Institutional investors own 82.15% of the company's stock.

Insider Activity

In related news, 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 $183,815.10. This trade represents a 95.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at $4,102,438.50. This 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 currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on V. Erste Group Bank downgraded shares of Visa from a "buy" rating to a "hold" rating in a report on Monday, September 22nd. Morgan Stanley lifted their target price on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Weiss Ratings restated a "buy (b)" rating on shares of Visa in a research report on Wednesday. UBS Group restated a "buy" rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Finally, Raymond James Financial restated an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and an average price target of $389.00.

Visa Price Performance

Shares of Visa stock opened at $351.31 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The firm's 50-day simple moving average is $343.66 and its 200-day simple moving average is $346.96. Visa Inc. has a twelve month low of $274.42 and a twelve month high of $375.51. The firm has a market cap of $643.88 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 2.09 and a beta of 0.90.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period in the previous year, the business earned $2.42 EPS. The firm's revenue was up 14.3% on a year-over-year basis. As a group, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's payout ratio is 23.05%.

About Visa

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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