Barings LLC Acquires 4,088 Shares of Visa Inc. $V

Barings LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 370.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,191 shares of the credit-card processor’s stock after acquiring an additional 4,088 shares during the quarter. Barings LLC’s holdings in Visa were worth $1,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in V. Cynosure Group LLC boosted its stake in shares of Visa by 403.0% during the 2nd quarter. Cynosure Group LLC now owns 7,575 shares of the credit-card processor’s stock valued at $2,690,000 after purchasing an additional 6,069 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Visa by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 12,820,885 shares of the credit-card processor’s stock worth $4,552,057,000 after buying an additional 145,665 shares during the period. Soundwatch Capital LLC bought a new stake in Visa during the 2nd quarter valued at approximately $19,974,000. Enterprise Financial Services Corp boosted its position in Visa by 6.6% during the 2nd quarter. Enterprise Financial Services Corp now owns 5,638 shares of the credit-card processor’s stock valued at $2,002,000 after acquiring an additional 347 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of Visa by 2.5% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 191,102 shares of the credit-card processor’s stock worth $67,851,000 after acquiring an additional 4,665 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the sale, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,117. This trade represents a 95.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the transaction, the director directly owned 2,468 shares in the company, valued at approximately $830,432.64. The trade was a 26.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 24,042 shares of company stock worth $8,175,152. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird set a $425.00 target price on Visa in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. Macquarie dropped their target price on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Barclays reiterated an “overweight” rating and issued a $408.00 price target (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Finally, Raymond James Financial reissued an “outperform” rating and set a $408.00 price objective (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.00.

Visa Stock Performance

Shares of Visa stock opened at $328.24 on Friday. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The firm’s 50-day moving average is $340.46 and its 200 day moving average is $347.92. The stock has a market cap of $597.97 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.94 and a beta of 0.87. 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 (NYSE:V) last issued its earnings results 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 business had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.71 earnings per share. Sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

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

Visa 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.