Visa Inc. $V Stock Holdings Cut by Marshall Financial Group LLC

Key Points

• Marshall Financial Group LLC reduced its stake in Visa Inc. by 10.1% during the second quarter, now holding approximately 10,514 shares valued at $3.75 million.
• Analysts have issued varied ratings for Visa, with a consensus rating of "Moderate Buy" and an average price target of $385.96.
• Visa reported a quarterly earnings of $2.98 EPS for the last quarter, exceeding analysts' expectations, with revenue of $10.17 billion.

Marshall Financial Group LLC lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 10.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,514 shares of the credit-card processor's stock after selling 1,176 shares during the quarter. Visa comprises 0.7% of Marshall Financial Group LLC's portfolio, making the stock its 24th largest position. Marshall Financial Group LLC's holdings in Visa were worth $3,750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new stake in Visa during the first quarter valued at approximately $26,000. Family Legacy Financial Solutions LLC acquired a new stake in Visa during the second quarter valued at approximately $28,000. von Borstel & Associates Inc. acquired a new stake in Visa during the first quarter valued at approximately $27,000. 1 North Wealth Services LLC acquired a new stake in Visa during the first quarter valued at approximately $38,000. Finally, Anderson Financial Strategies LLC acquired a new stake in Visa during the first quarter valued at approximately $53,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

V stock traded up $2.67 on Monday, reaching $344.28. The company's stock had a trading volume of 5,618,726 shares, compared to its average volume of 5,421,370. Visa Inc. has a 52 week low of $268.23 and a 52 week high of $375.51. The company has a market capitalization of $630.99 billion, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The firm has a fifty day moving average of $345.58 and a two-hundred day moving average of $346.37. 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 issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $9.82 billion. During the same period in the prior year, the company posted $2.42 EPS. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm 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 yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio is 23.05%.

Analyst Ratings Changes

Several brokerages have issued reports on V. The Goldman Sachs Group began coverage on Visa in a research note on Monday, June 2nd. They set a "neutral" rating on the stock. Erste Group Bank cut Visa from a "buy" rating to a "hold" rating in a research report on Monday. Jefferies Financial Group increased their price target on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Barclays reiterated an "overweight" rating and set a $408.00 price target (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Finally, Oppenheimer increased their price target on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $385.96.

Insider Buying and Selling

In other Visa news, 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 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 approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

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.