Breakthru Advisory Services LLC Invests $636,000 in Visa Inc. $V

Breakthru Advisory Services LLC bought a new position in shares of Visa Inc. (NYSE:V) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,862 shares of the credit-card processor’s stock, valued at approximately $636,000. Visa accounts for about 0.4% of Breakthru Advisory Services LLC’s holdings, making the stock its 29th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after buying an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its position in shares of Visa by 4.6% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after acquiring an additional 477 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in shares of Visa by 10.3% in the 1st quarter. Sax Wealth Advisors LLC now owns 2,498 shares of the credit-card processor’s stock valued at $876,000 after acquiring an additional 234 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC raised its position in shares of Visa by 1.4% during the 1st quarter. Douglass Winthrop Advisors LLC now owns 46,755 shares of the credit-card processor’s stock worth $16,386,000 after acquiring an additional 637 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,172 shares of Visa 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 900 shares of the 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 transaction, the director owned 2,468 shares in the company, valued at $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,042 shares of company stock valued at $8,175,152. 0.12% of the stock is currently owned by corporate insiders.

Visa Stock Up 1.0%

Shares of Visa stock opened at $349.45 on Friday. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The company has a market capitalization of $636.61 billion, a PE ratio of 34.23, a P/E/G ratio of 2.05 and a beta of 0.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50-day moving average of $337.48 and a 200-day moving average of $344.64.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. The business 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 company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.71 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.67 per share. This is an increase from Visa’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, November 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio (DPR) is currently 26.25%.

Analyst Ratings Changes

V has been the subject of several recent analyst reports. HSBC upgraded Visa from a “hold” rating to a “buy” rating and boosted their target price for the stock from $335.00 to $389.00 in a research note on Sunday, December 7th. Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Robert W. Baird set a $425.00 target price on shares of Visa in a research report on Wednesday, October 29th. Finally, KeyCorp reiterated an “overweight” rating and set a $405.00 price target on shares of Visa in a research note on Wednesday, October 22nd. 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 stock. According to MarketBeat.com, Visa presently has a consensus rating of “Buy” and a consensus target price of $402.52.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.