Clarius Group LLC Has $4.58 Million Position in Visa Inc. $V

Clarius Group LLC cut its position in Visa Inc. (NYSE:V) by 24.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,403 shares of the credit-card processor’s stock after selling 4,335 shares during the period. Clarius Group LLC’s holdings in Visa were worth $4,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC bought a new position in Visa during the second quarter worth about $28,000. Harbor Asset Planning Inc. bought a new position in shares of Visa during the 2nd quarter valued at about $29,000. Sagard Holdings Management Inc. acquired a new position in shares of Visa in the 2nd quarter valued at approximately $31,000. Bare Financial Services Inc grew its position in shares of Visa by 287.0% in the 2nd 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. Finally, Cranbrook Wealth Management LLC increased its stake in Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Robert W. Baird set a $425.00 price target on shares of Visa in a research note on Wednesday, October 29th. Wells Fargo & Company raised shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Hsbc Global Res upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Erste Group Bank lowered Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, HSBC raised Visa from a “hold” rating to a “buy” rating and upped their price objective for the stock from $335.00 to $389.00 in a research report on Sunday, December 7th. Five equities 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’s stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Buy” and a consensus price target of $402.52.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,172 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 900 shares of the firm’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 of the company’s stock, valued at $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,042 shares of company stock worth $8,175,152 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Visa Trading Up 0.8%

Shares of NYSE:V opened at $352.11 on Tuesday. The company’s 50-day moving average price is $337.67 and its two-hundred day moving average price is $344.37. Visa Inc. has a one year low of $299.00 and a one year high of $375.51. 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 stock has a market capitalization of $641.45 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.05 and a beta of 0.82.

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. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the business earned $2.71 earnings per share. Visa’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

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