Aviso Financial Inc. Increases Stake in Visa Inc. $V

Aviso Financial Inc. raised its position in shares of Visa Inc. (NYSE:V) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,552 shares of the credit-card processor’s stock after acquiring an additional 5,327 shares during the quarter. Visa comprises 4.6% of Aviso Financial Inc.’s investment portfolio, making the stock its 2nd biggest holding. Aviso Financial Inc.’s holdings in Visa were worth $102,450,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC purchased a new position in Visa during the 1st quarter worth $26,000. Family Legacy Financial Solutions LLC purchased a new position in Visa during the 2nd quarter valued at about $28,000. Harbor Asset Planning Inc. bought a new position in shares of Visa in the second quarter worth $29,000. Cranbrook Wealth Management LLC raised its stake in Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares in the last quarter. Finally, Hoese & Co LLP purchased a new position in shares of Visa in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.1%

Shares of V opened at $328.37 on Tuesday. The stock has a market capitalization of $598.20 billion, a PE ratio of 32.16, a P/E/G ratio of 1.94 and a beta of 0.87. The company’s fifty day moving average is $340.25 and its 200 day moving average is $347.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business earned $2.71 earnings per share. Visa’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal 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 given a $0.67 dividend. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is 26.25%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on V. Morgan Stanley set a $398.00 price target on Visa and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 price objective on shares of Visa in a research report on Wednesday, October 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $408.00 price target (up previously from $398.00) on shares of Visa in a report on Wednesday, October 29th. Barclays reaffirmed an “overweight” rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Finally, Citigroup raised Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,172 shares of Visa 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 transaction, the insider owned 26,413 shares in the company, valued at approximately $8,608,789.09. The trade was a 7.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’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 transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,117. This represents a 95.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,042 shares of company stock worth $8,175,152. Corporate insiders own 0.13% of the company’s stock.

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.