Centaurus Financial Inc. Has $4.20 Million Position in Visa Inc. $V

Centaurus Financial Inc. lessened its stake in shares of Visa Inc. (NYSE:V) by 13.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,818 shares of the credit-card processor’s stock after selling 1,911 shares during the quarter. Centaurus Financial Inc.’s holdings in Visa were worth $4,196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BankPlus Wealth Management LLC lifted its position in Visa by 0.9% during the second quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor’s stock worth $1,185,000 after acquiring an additional 29 shares during the last quarter. Transcendent Capital Group LLC grew its position in shares of Visa by 2.9% in the second quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor’s stock valued at $360,000 after purchasing an additional 29 shares during the last quarter. Interchange Capital Partners LLC increased its stake in shares of Visa by 0.5% during the second quarter. Interchange Capital Partners LLC now owns 6,413 shares of the credit-card processor’s stock worth $2,276,000 after purchasing an additional 30 shares during the period. Academy Capital Management lifted its holdings in Visa by 3.7% during the 1st quarter. Academy Capital Management now owns 860 shares of the credit-card processor’s stock worth $301,000 after purchasing an additional 31 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its stake in Visa by 12.0% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 289 shares of the credit-card processor’s stock valued at $101,000 after purchasing an additional 31 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other news, 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 transaction of $302,832.00. Following the completion of the transaction, the director directly owned 2,468 shares in the company, valued at approximately $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the sale, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 24,042 shares of company stock valued at $8,175,152 in the last quarter. Insiders own 0.12% of the company’s stock.

Visa Price Performance

Visa stock opened at $347.15 on Tuesday. 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 52 week low of $299.00 and a 52 week high of $375.51. The stock has a market capitalization of $632.42 billion, a P/E ratio of 34.00, a price-to-earnings-growth ratio of 2.05 and a beta of 0.82. The stock has a fifty day moving average of $337.65 and a 200-day moving average of $345.04.

Visa (NYSE:V) last released its earnings results 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. The firm had revenue of $10.72 billion for 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%.The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.71 earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were given a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio is currently 26.25%.

Wall Street Analysts Forecast Growth

V has been the topic of several recent research reports. Citigroup upgraded Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. KeyCorp reaffirmed an “overweight” rating and set a $405.00 price target on shares of Visa in a research report on Wednesday, October 22nd. UBS Group set a $425.00 price objective on shares of Visa and gave the company a “buy” rating in a report on Wednesday, October 29th. Morgan Stanley set a $398.00 target price on shares of Visa and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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.