Atlanta Consulting Group Advisors LLC Sells 790 Shares of Visa Inc. $V

Atlanta Consulting Group Advisors LLC trimmed its holdings in Visa Inc. (NYSE:V) by 7.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,284 shares of the credit-card processor’s stock after selling 790 shares during the quarter. Visa accounts for about 1.0% of Atlanta Consulting Group Advisors LLC’s holdings, making the stock its 17th biggest holding. Atlanta Consulting Group Advisors LLC’s holdings in Visa were worth $3,651,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Kaizen Financial Strategies lifted its stake in Visa by 6.2% in the second quarter. Kaizen Financial Strategies now owns 2,864 shares of the credit-card processor’s stock worth $1,017,000 after purchasing an additional 167 shares during the last quarter. Calamos Advisors LLC grew its stake in shares of Visa by 1.5% during the second quarter. Calamos Advisors LLC now owns 724,144 shares of the credit-card processor’s stock valued at $257,107,000 after buying an additional 10,826 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Visa by 3.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 258,620 shares of the credit-card processor’s stock valued at $91,823,000 after buying an additional 7,606 shares during the last quarter. Austin Wealth Management LLC increased its holdings in shares of Visa by 11.2% in the second quarter. Austin Wealth Management LLC now owns 817 shares of the credit-card processor’s stock worth $282,000 after buying an additional 82 shares during the period. Finally, Symphony Financial Services Inc. lifted its stake in shares of Visa by 5.6% in the 2nd quarter. Symphony Financial Services Inc. now owns 11,168 shares of the credit-card processor’s stock valued at $3,965,000 after acquiring an additional 595 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $339.00 on Thursday. The firm has a market capitalization of $621.32 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 2.05 and a beta of 0.87. The stock has a fifty day moving average of $342.72 and a 200 day moving average of $348.78. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the firm earned $2.71 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s payout ratio is currently 23.11%.

Analyst Upgrades and Downgrades

V has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a research report on Thursday, July 17th. They set a “buy” rating and a $410.00 price target on the stock. Morgan Stanley set a $398.00 price objective on Visa and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Wells Fargo & Company upgraded shares of Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Barclays reaffirmed an “overweight” rating and issued a $408.00 target price (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Finally, KeyCorp reiterated an “overweight” rating and set a $405.00 price target on shares of Visa in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $400.00.

Insiders Place Their Bets

In other news, Director Lloyd Carney sold 900 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total value of $302,832.00. Following the completion of the transaction, the director owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This represents a 26.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,117. The trade was a 95.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 23,897 shares of company stock worth $8,164,561 over the last three months. Company 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.