Trivium Point Advisory LLC Has $9.13 Million Stock Holdings in Visa Inc. $V

Key Points

• Trivium Point Advisory LLC reduced its stake in Visa Inc. by 3.9%, now holding 25,705 shares valued at approximately $9.13 million, making Visa the 17th largest investment in its portfolio.
• Visa reported $2.98 earnings per share (EPS) for the latest quarter, surpassing analyst expectations, with a 14.3% year-over-year revenue increase to $10.17 billion.
• The company declared a quarterly dividend of $0.59 per share, yielding 0.7%, with a payout ratio of 23.05% as of its last reported quarter.

Trivium Point Advisory LLC lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,705 shares of the credit-card processor's stock after selling 1,041 shares during the quarter. Visa accounts for 1.0% of Trivium Point Advisory LLC's holdings, making the stock its 17th biggest position. Trivium Point Advisory LLC's holdings in Visa were worth $9,126,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of V. Brighton Jones LLC boosted its position in Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after acquiring an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Apella Capital LLC boosted its position in Visa by 67.7% during the 1st quarter. Apella Capital LLC now owns 2,989 shares of the credit-card processor's stock worth $994,000 after acquiring an additional 1,207 shares during the last quarter. Clare Market Investments LLC boosted its position in Visa by 16.1% during the 1st quarter. Clare Market Investments LLC now owns 3,295 shares of the credit-card processor's stock worth $1,155,000 after acquiring an additional 456 shares during the last quarter. Finally, Matrix Trust Co boosted its holdings in shares of Visa by 28.0% in the 1st quarter. Matrix Trust Co now owns 654 shares of the credit-card processor's stock valued at $229,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Down 0.5%

Shares of Visa stock opened at $345.97 on Friday. The business has a fifty day simple moving average of $343.92 and a two-hundred day simple moving average of $346.60. Visa Inc. has a 1 year low of $273.24 and a 1 year high of $375.51. The company has a market capitalization of $634.09 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.06 and a beta of 0.90. 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 announced its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (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 business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter last year, the firm posted $2.42 EPS. The company's quarterly revenue was up 14.3% on a year-over-year basis. Research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on V. Oppenheimer raised their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Truist Financial decreased their target price on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Barclays reissued an "overweight" rating and issued a $408.00 target price (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. Finally, UBS Group reissued a "buy" rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $385.96.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel 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. 0.13% of the stock is owned by company insiders.

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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