Trifecta Capital Advisors LLC Boosts Stake in Visa Inc. $V

Key Points

• Trifecta Capital Advisors LLC increased its stake in Visa Inc. by 12.3% during the 2nd quarter, owning 25,691 shares now valued at approximately $9.1 million.
• Visa's earnings per share for the last quarter were reported at $2.98, exceeding analysts' expectations, contributing to a revenue increase of 14.3% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Visa, with an average price target of $389.00, reflecting continued confidence in the stock's performance.

Trifecta Capital Advisors LLC grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,691 shares of the credit-card processor's stock after buying an additional 2,809 shares during the quarter. Visa accounts for 1.5% of Trifecta Capital Advisors LLC's investment portfolio, making the stock its 25th biggest position. Trifecta Capital Advisors LLC's holdings in Visa were worth $9,122,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Keystone Global Partners LLC purchased a new stake in shares of Visa during the 1st quarter valued at $26,000. von Borstel & Associates Inc. purchased a new stake in shares of Visa during the 1st quarter valued at $27,000. Family Legacy Financial Solutions LLC purchased a new stake in Visa in the second quarter worth approximately $28,000. Cranbrook Wealth Management LLC boosted its stake in Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock worth $32,000 after buying an additional 41 shares in the last quarter. Finally, 1 North Wealth Services LLC purchased a new stake in Visa in the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on V. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. Robert W. Baird set a $410.00 target price on shares of Visa and gave the stock an "outperform" rating in a research report on Monday, October 6th. Truist Financial decreased their target price on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price on the stock. Finally, Erste Group Bank cut shares of Visa from a "buy" rating to a "hold" rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Visa has an average rating of "Moderate Buy" and an average price target of $389.00.

Visa Price Performance

Shares of Visa stock opened at $343.63 on Monday. The firm has a market cap of $629.79 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. Visa Inc. has a 12-month low of $275.37 and a 12-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's fifty day simple moving average is $343.77 and its two-hundred day simple moving average is $346.97.

Visa (NYSE:V - Get Free Report) last announced 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 firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.42 EPS. As a group, equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend 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 presently 23.05%.

Insider Transactions at Visa

In other 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 sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $183,815.10. The trade was a 95.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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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