Visa Inc. $V Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its position in shares of Visa Inc. (NYSE:V) by 17.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,646 shares of the credit-card processor’s stock after buying an additional 4,526 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Visa were worth $10,881,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new stake in shares of Visa during the first quarter valued at about $26,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Visa during the 2nd quarter worth approximately $28,000. Harbor Asset Planning Inc. purchased a new position in shares of Visa during the 2nd quarter worth approximately $29,000. Sagard Holdings Management Inc. acquired a new stake in Visa in the 2nd quarter valued at approximately $31,000. Finally, Bare Financial Services Inc raised its position in Visa by 287.0% in the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at $183,117. This represents a 95.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lloyd Carney sold 900 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the transaction, the director directly owned 2,468 shares in the company, valued at $830,432.64. The trade was a 26.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 24,042 shares of company stock valued at $8,175,152. 0.13% of the stock is currently owned by insiders.

Visa Trading Up 0.6%

NYSE V opened at $347.83 on Friday. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The firm has a 50 day moving average of $337.70 and a two-hundred day moving average of $345.25. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $633.65 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82.

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 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 company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.71 EPS. As a group, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio is 26.25%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Macquarie lowered their price target on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Raymond James Financial reiterated an “outperform” rating and issued a $408.00 price objective (up previously from $398.00) on shares of Visa in a report on Wednesday, October 29th. Morgan Stanley set a $398.00 target price on Visa and gave the company an “overweight” rating in a report on Wednesday, October 29th. Citigroup raised Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company raised shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $402.52.

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.