Visa Inc. $V Shares Acquired by Brookstone Capital Management

Brookstone Capital Management grew its holdings in Visa Inc. (NYSE:V) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,145 shares of the credit-card processor’s stock after acquiring an additional 1,486 shares during the period. Brookstone Capital Management’s holdings in Visa were worth $17,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Trust Co. NA raised its position in shares of Visa by 2.1% in the third quarter. Private Trust Co. NA now owns 14,136 shares of the credit-card processor’s stock worth $4,826,000 after acquiring an additional 294 shares during the period. Southland Equity Partners LLC increased its stake in shares of Visa by 6.5% in the 3rd quarter. Southland Equity Partners LLC now owns 756 shares of the credit-card processor’s stock valued at $258,000 after purchasing an additional 46 shares in the last quarter. Founders Financial Securities LLC increased its stake in shares of Visa by 3.5% in the 3rd quarter. Founders Financial Securities LLC now owns 16,397 shares of the credit-card processor’s stock valued at $5,598,000 after purchasing an additional 556 shares in the last quarter. Cape ANN Savings Bank raised its stake in shares of Visa by 26.1% during the 3rd quarter. Cape ANN Savings Bank now owns 6,162 shares of the credit-card processor’s stock worth $2,104,000 after buying an additional 1,275 shares during the period. Finally, Value Partners Investments Inc. raised its position in Visa by 2.2% during the third quarter. Value Partners Investments Inc. now owns 16,635 shares of the credit-card processor’s stock worth $5,676,000 after acquiring an additional 361 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of several research reports. Morgan Stanley set a $398.00 target price on Visa and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Bank of America upgraded shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 target price on the stock in a report on Thursday, December 11th. Macquarie decreased their price target on Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Citigroup raised shares of Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, UBS Group set a $425.00 target price on Visa and gave the company a “buy” rating in a report on Wednesday, October 29th. 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. According to data from MarketBeat, Visa has an average rating of “Buy” and an average price target of $402.52.

Insider Activity at Visa

In other Visa 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 transaction of $707,919.96. Following the completion of the sale, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $183,117. This trade represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,042 shares of company stock worth $8,175,152 in the last 90 days. 0.12% of the stock is owned by insiders.

Visa Trading Up 0.4%

V opened at $354.78 on Friday. 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 one year low of $299.00 and a one year high of $375.51. The business’s 50-day simple moving average is $338.34 and its 200-day simple moving average is $344.40. The company has a market cap of $646.31 billion, a P/E ratio of 34.75, a PEG ratio of 2.09 and a beta of 0.82.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the firm earned $2.71 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The company 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 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. The ex-dividend date of this dividend was Wednesday, November 12th. Visa’s dividend 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.