Visa Inc. $V is Vantage Wealth's 3rd Largest Position

Key Points

• Vantage Wealth has reduced its stake in Visa Inc. by 8% in Q2, maintaining approximately 4.9% of its portfolio in Visa, making it the firm's 3rd largest position.
• Visa's recent earnings report showed earnings per share of $2.98, surpassing estimates, with a year-over-year revenue increase of 14.3% to $10.17 billion.
• Visa has announced a quarterly dividend of $0.59 per share, translating to an annual yield of 0.7% and a payout ratio of 23.05%.

Vantage Wealth trimmed its position in Visa Inc. (NYSE:V - Free Report) by 8.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 61,305 shares of the credit-card processor's stock after selling 5,361 shares during the period. Visa comprises 4.9% of Vantage Wealth's investment portfolio, making the stock its 3rd biggest position. Vantage Wealth's holdings in Visa were worth $21,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Keystone Global Partners LLC purchased a new stake in Visa during the 1st quarter valued at $26,000. von Borstel & Associates Inc. purchased a new stake in shares of Visa during the first quarter valued at about $27,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Visa during the 2nd quarter valued at approximately $28,000. 1 North Wealth Services LLC acquired a new stake in Visa during the 1st quarter worth $38,000. Finally, Anderson Financial Strategies LLC acquired a new position in Visa in the first quarter valued at about $53,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value 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 $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Visa Stock Performance

V traded up $2.67 during midday trading on Monday, reaching $344.28. The company had a trading volume of 5,618,726 shares, compared to its average volume of 5,421,370. The company has a market cap of $630.99 billion, a P/E ratio of 33.62, a P/E/G ratio of 2.27 and a beta of 0.92. The business has a 50-day moving average of $345.58 and a two-hundred day moving average of $346.37. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 1 year low of $268.23 and a 1 year high of $375.51.

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 analysts' consensus estimates of $2.85 by $0.13. The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business's revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business posted $2.42 EPS. As a group, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on V. Citigroup assumed coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Jefferies Financial Group upped their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. The Goldman Sachs Group began coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target on the stock. Finally, Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $385.96.

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.