Visa Inc. $V Shares Purchased by AGP Franklin LLC

AGP Franklin LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,624 shares of the credit-card processor’s stock after buying an additional 157 shares during the quarter. Visa comprises about 1.6% of AGP Franklin LLC’s portfolio, making the stock its 18th biggest holding. AGP Franklin LLC’s holdings in Visa were worth $3,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of V. RD Lewis Holdings Inc. grew its holdings in Visa by 1.5% in the 2nd quarter. RD Lewis Holdings Inc. now owns 9,274 shares of the credit-card processor’s stock valued at $3,080,000 after buying an additional 138 shares in the last quarter. Meridian Wealth Advisors LLC grew its stake in shares of Visa by 1.8% in the second quarter. Meridian Wealth Advisors LLC now owns 27,020 shares of the credit-card processor’s stock valued at $9,594,000 after buying an additional 473 shares in the last quarter. WealthBridge Capital Management LLC increased its stake in Visa by 5.8% during the 2nd quarter. WealthBridge Capital Management LLC now owns 4,560 shares of the credit-card processor’s stock worth $1,619,000 after buying an additional 251 shares during the period. Cozad Asset Management Inc. raised its position in Visa by 8.4% in the 2nd quarter. Cozad Asset Management Inc. now owns 8,608 shares of the credit-card processor’s stock valued at $3,056,000 after purchasing an additional 668 shares in the last quarter. Finally, Tableaux LLC raised its holdings in shares of Visa by 2,354.1% in the 2nd quarter. Tableaux LLC now owns 16,663 shares of the credit-card processor’s stock valued at $5,916,000 after purchasing an additional 15,984 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the sale, the chief executive officer owned 537 shares of the company’s stock, valued at $183,117. The trade was a 95.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 24,042 shares of company stock worth $8,175,152. Company insiders own 0.13% of the company’s stock.

Visa Stock Up 1.4%

V opened at $328.24 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The stock has a market capitalization of $597.97 billion, a P/E ratio of 32.15, a P/E/G ratio of 1.92 and a beta of 0.87. The business has a 50 day simple moving average of $340.46 and a 200-day simple moving average of $347.92.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.Visa’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.71 earnings per share. On average, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, November 12th. Visa’s dividend payout ratio is 26.25%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on V. Robert W. Baird set a $425.00 target price on shares of Visa in a report on Wednesday, October 29th. Citigroup upgraded Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Raymond James Financial reissued an “outperform” rating and issued a $408.00 price objective (up from $398.00) on shares of Visa in a report on Wednesday, October 29th. Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Macquarie reduced their price target on shares of Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $400.00.

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.