Signal Advisors Wealth LLC Boosts Holdings in Visa Inc. $V

Signal Advisors Wealth LLC grew its stake in shares of Visa Inc. (NYSE:V) by 29.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,028 shares of the credit-card processor’s stock after purchasing an additional 8,222 shares during the period. Visa makes up 1.1% of Signal Advisors Wealth LLC’s investment portfolio, making the stock its 18th largest holding. Signal Advisors Wealth LLC’s holdings in Visa were worth $12,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of V. Independence Bank of Kentucky lifted its holdings in Visa by 1.1% in the third quarter. Independence Bank of Kentucky now owns 31,947 shares of the credit-card processor’s stock worth $10,906,000 after buying an additional 339 shares during the period. Secure Asset Management LLC raised its position in shares of Visa by 48.4% in the 3rd quarter. Secure Asset Management LLC now owns 16,150 shares of the credit-card processor’s stock worth $5,617,000 after acquiring an additional 5,265 shares in the last quarter. Financial Enhancement Group LLC raised its position in shares of Visa by 1.3% in the 3rd quarter. Financial Enhancement Group LLC now owns 36,211 shares of the credit-card processor’s stock worth $12,723,000 after acquiring an additional 464 shares in the last quarter. Meadowbrook Wealth Management LLC purchased a new position in shares of Visa in the 3rd quarter valued at approximately $2,345,000. Finally, Centurion Wealth Management LLC boosted its position in shares of Visa by 2.5% during the third quarter. Centurion Wealth Management LLC now owns 5,891 shares of the credit-card processor’s stock valued at $2,011,000 after purchasing an additional 145 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $183,117. The trade was a 95.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 2,172 shares of the company’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 transaction, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 24,042 shares of company stock valued at $8,175,152. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on V shares. Hsbc Global Res raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Evercore ISI set a $380.00 price target on shares of Visa in a research report on Friday, December 12th. KeyCorp restated an “overweight” rating and issued a $405.00 price objective on shares of Visa in a report on Wednesday, October 22nd. HSBC raised shares of Visa from a “hold” rating to a “buy” rating and raised their target price for the company from $335.00 to $389.00 in a research note on Sunday, December 7th. Finally, Citigroup raised Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Visa has a consensus rating of “Buy” and a consensus price target of $402.52.

Visa Stock Up 1.0%

Shares of Visa stock opened at $349.45 on Monday. The company has a 50-day simple moving average of $337.48 and a two-hundred day simple moving average of $344.47. The stock has a market capitalization of $636.61 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.05 and a beta of 0.82. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51. 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 (NYSE:V) last posted its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 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 net margin of 50.15% and a return on equity of 60.31%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.71 earnings per share. On average, analysts anticipate 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. Shareholders of record on Wednesday, November 12th were paid a dividend of $0.67 per share. The ex-dividend date was Wednesday, November 12th. This represents a $2.68 annualized dividend 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 (DPR) is 26.25%.

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.