Visa Inc. (NYSE:V) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,904 shares of the credit-card processor’s stock after selling 203 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Visa were worth $7,863,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new position in shares of Visa during the 4th quarter worth $25,000. Westend Capital Management LLC acquired a new position in Visa during the first quarter worth $25,000. POM Investment Strategies LLC lifted its position in shares of Visa by 970.0% in the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after buying an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth about $33,000. Finally, TruNorth Capital Management LLC raised its stake in shares of Visa by 211.9% in the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on V. William Blair upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. TD Cowen dropped their target price on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Bank of America restated a “neutral” rating and set a $297.00 price target (down from $305.00) on shares of Visa in a report on Wednesday, July 10th. Jefferies Financial Group dropped their price objective on Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada lowered their target price on Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $308.50.

Visa Trading Up 0.7 %

V stock opened at $276.37 on Friday. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $290.96. The business has a fifty day moving average of $265.70 and a 200-day moving average of $273.13. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The company has a market cap of $503.63 billion, a P/E ratio of 30.88, a PEG ratio of 1.95 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the prior year, the company posted $2.16 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts expect that Visa Inc. will post 9.92 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be issued a $0.52 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Visa Company 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.