3,432 Shares in Visa Inc. $V Purchased by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc acquired a new stake in Visa Inc. (NYSE:V) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,432 shares of the credit-card processor’s stock, valued at approximately $1,171,000.

Several other hedge funds have also bought and sold shares of V. KFG Wealth Management LLC boosted its stake in shares of Visa by 4.9% during the 3rd quarter. KFG Wealth Management LLC now owns 2,981 shares of the credit-card processor’s stock worth $1,018,000 after acquiring an additional 140 shares during the period. Assenagon Asset Management S.A. boosted its stake in Visa by 0.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 54,589 shares of the credit-card processor’s stock valued at $18,636,000 after purchasing an additional 384 shares during the period. Traphagen Investment Advisors LLC grew its holdings in Visa by 0.7% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 6,194 shares of the credit-card processor’s stock valued at $2,115,000 after buying an additional 41 shares in the last quarter. Sanders Morris Harris LLC grew its holdings in Visa by 135.6% in the 3rd quarter. Sanders Morris Harris LLC now owns 9,102 shares of the credit-card processor’s stock valued at $3,107,000 after buying an additional 5,239 shares in the last quarter. Finally, Hardin Capital Partners LLC increased its position in Visa by 9.8% during the 3rd quarter. Hardin Capital Partners LLC now owns 685 shares of the credit-card processor’s stock worth $234,000 after buying an additional 61 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction 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. This trade represents a 95.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction 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 sale, the insider owned 26,413 shares in the company, valued at $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 ninety days, insiders sold 24,042 shares of company stock worth $8,175,152. Insiders own 0.12% of the company’s stock.

Visa Stock Performance

Visa stock opened at $344.33 on Thursday. 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 cap of $627.28 billion, a PE ratio of 33.72, a P/E/G ratio of 2.03 and a beta of 0.82. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The business’s 50-day moving average price is $337.38 and its two-hundred day moving average price is $344.89.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company posted $2.71 EPS. As a group, 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 was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 26.25%.

Wall Street Analyst Weigh In

V has been the subject of a number of recent research reports. Hsbc Global Res raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. 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 research note on Wednesday, October 29th. Morgan Stanley set a $398.00 price objective on shares of Visa and gave the company an “overweight” rating in a report on Wednesday, October 29th. Robert W. Baird set a $425.00 target price on shares of Visa in a report on Wednesday, October 29th. Finally, HSBC upgraded shares of Visa from a “hold” rating to a “buy” rating and lifted their price target for the company from $335.00 to $389.00 in a research report on Sunday, December 7th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.