Visa Inc. $V Shares Sold by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors LLC decreased its Visa holdings by 38.0% in Q2, selling 37,181 shares and ending with a total of 60,613 shares valued at $21.5 million.
• Visa's CEO, Ryan Mcinerney, sold 10,485 shares at approximately $342.30 each, marking a significant decrease of 95.13% in his ownership position.
• Visa reported $2.98 EPS for the latest quarter, exceeding expectations and indicating a 14.3% year-over-year revenue increase to $10.17 billion.

Valeo Financial Advisors LLC decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 38.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,613 shares of the credit-card processor's stock after selling 37,181 shares during the period. Valeo Financial Advisors LLC's holdings in Visa were worth $21,521,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of V. Brighton Jones LLC raised its holdings in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after acquiring an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of 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 buying an additional 4,817 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Visa by 4.7% during the 1st quarter. Wedge Capital Management L L P NC now owns 2,562 shares of the credit-card processor's stock worth $898,000 after buying an additional 116 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Visa by 9.9% during the 1st quarter. GAMMA Investing LLC now owns 42,120 shares of the credit-card processor's stock worth $14,761,000 after buying an additional 3,795 shares during the last quarter. Finally, Ibex Wealth Advisors increased its holdings in shares of Visa by 7.8% during the 1st quarter. Ibex Wealth Advisors now owns 45,680 shares of the credit-card processor's stock worth $16,009,000 after buying an additional 3,307 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on V shares. UBS Group restated a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. Erste Group Bank downgraded shares of Visa from a "buy" rating to a "hold" rating in a report on Monday, September 22nd. Morgan Stanley raised their price target on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Barclays restated an "overweight" rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a report on Thursday, July 17th. They set a "buy" rating and a $410.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $389.00.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the transaction, the chief executive officer owned 537 shares of the company's stock, valued at $183,815.10. This trade represents a 95.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction 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 $4,102,438.50. This represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Visa Stock Performance

Shares of V stock opened at $351.31 on Thursday. 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 52 week low of $274.42 and a 52 week high of $375.51. The stock has a market capitalization of $643.88 billion, a PE ratio of 34.31, a P/E/G ratio of 2.09 and a beta of 0.90. The firm has a 50 day moving average of $343.66 and a two-hundred day moving average of $346.96.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same quarter last year, the company posted $2.42 EPS. The firm's revenue was up 14.3% compared to the same quarter last year. On average, research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

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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