Visa Inc. $V Shares Bought by Golden State Equity Partners

Key Points

• Golden State Equity Partners increased its holdings in Visa Inc. by 8.9% in Q2, now owning 12,175 shares valued at approximately $4.32 million, making Visa the firm's 22nd largest position.
• Visa's most recent earnings report showed $2.98 EPS, exceeding analysts' expectations of $2.85, with revenue of $10.17 billion, marking a 14.3% increase year over year.
• Several analysts have upgraded Visa's stock ratings, with target prices ranging between $385.96 and $425.00, indicating a positive outlook for the company.

Golden State Equity Partners lifted its holdings in Visa Inc. (NYSE:V - Free Report) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,175 shares of the credit-card processor's stock after acquiring an additional 999 shares during the period. Visa makes up 0.8% of Golden State Equity Partners' portfolio, making the stock its 22nd biggest position. Golden State Equity Partners' holdings in Visa were worth $4,323,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in V. Keystone Global Partners LLC purchased a new position in shares of Visa in the first quarter valued at $26,000. von Borstel & Associates Inc. purchased a new position in shares of Visa in the first quarter valued at $27,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Visa in the second quarter valued at $28,000. 1 North Wealth Services LLC purchased a new position in shares of Visa in the first quarter valued at $38,000. Finally, Westend Capital Management LLC boosted its stake in shares of Visa by 83.1% in the second quarter. Westend Capital Management LLC now owns 108 shares of the credit-card processor's stock valued at $38,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on V shares. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and upped their target price for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. UBS Group restated 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. Jefferies Financial Group upped their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Erste Group Bank downgraded shares of Visa from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $385.96.

Visa Stock Down 1.7%

V stock opened at $338.66 on Wednesday. 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 fifty-two week low of $268.23 and a fifty-two week high of $375.51. The firm's 50-day simple moving average is $345.41 and its 200 day simple moving average is $346.32. The stock has a market cap of $620.70 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $9.82 billion. During the same quarter last year, the company earned $2.42 EPS. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts predict 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. Investors of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio (DPR) is 23.05%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $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 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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