Visa Inc. $V is LS Investment Advisors LLC's 4th Largest Position

Key Points

• LS Investment Advisors LLC has trimmed its holdings in Visa Inc. by 1.9%, making it the firm's 4th largest position, accounting for approximately 3.5% of their total holdings, valued at $23.98 million.
• Visa reported a Q2 earnings per share of $2.98, surpassing the consensus estimate of $2.85, with a revenue of $10.17 billion, reflecting a year-over-year growth of 14.3%.
• The company recently declared a quarterly dividend of $0.59 per share, yielding 0.7%, with a payout ratio of 23.05%.

LS Investment Advisors LLC trimmed its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,525 shares of the credit-card processor's stock after selling 1,319 shares during the period. Visa accounts for about 3.5% of LS Investment Advisors LLC's holdings, making the stock its 4th largest holding. LS Investment Advisors LLC's holdings in Visa were worth $23,975,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Keystone Global Partners LLC purchased a new stake in shares of Visa in the 1st quarter valued at about $26,000. von Borstel & Associates Inc. purchased a new stake in shares of Visa in the 1st quarter valued at about $27,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Visa in the 2nd quarter valued at about $28,000. Cranbrook Wealth Management LLC lifted its holdings in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock valued at $32,000 after purchasing an additional 41 shares during the last quarter. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Visa in the 1st quarter valued at about $38,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

V has been the subject of several research reports. UBS Group reissued a "buy" rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Truist Financial dropped their price target on Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Raymond James Financial restated an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Morgan Stanley boosted their price target on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $385.96.

Visa Stock Performance

NYSE V opened at $337.15 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The business's 50 day moving average is $344.65 and its two-hundred day moving average is $346.35. Visa Inc. has a 12-month low of $272.78 and a 12-month high of $375.51. The stock has a market capitalization of $617.93 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 2.24 and a beta of 0.92.

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

Visa Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.7%. Visa's payout ratio is 23.05%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. The trade was a 94.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction that occurred 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 sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by 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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