Visa Inc. $V Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,056 shares of the credit-card processor’s stock after purchasing an additional 10,167 shares during the period. Visa makes up about 1.6% of Annex Advisory Services LLC’s holdings, making the stock its 19th biggest position. Annex Advisory Services LLC’s holdings in Visa were worth $73,074,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of V. Lakeshore Capital Group Inc. raised its position in Visa by 4.7% in the third quarter. Lakeshore Capital Group Inc. now owns 3,545 shares of the credit-card processor’s stock worth $1,210,000 after acquiring an additional 159 shares in the last quarter. Goldstone Financial Group LLC boosted its position in shares of Visa by 3.8% during the 3rd quarter. Goldstone Financial Group LLC now owns 2,020 shares of the credit-card processor’s stock worth $690,000 after purchasing an additional 74 shares in the last quarter. Norris Perne & French LLP MI grew its stake in shares of Visa by 0.4% during the 3rd quarter. Norris Perne & French LLP MI now owns 132,880 shares of the credit-card processor’s stock worth $45,362,000 after purchasing an additional 526 shares during the period. Ullmann Wealth Partners Group LLC grew its stake in shares of Visa by 12.6% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 1,864 shares of the credit-card processor’s stock worth $636,000 after purchasing an additional 208 shares during the period. Finally, Ethic Inc. increased its holdings in shares of Visa by 1.4% in the 3rd quarter. Ethic Inc. now owns 174,537 shares of the credit-card processor’s stock valued at $59,583,000 after purchasing an additional 2,422 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Erste Group Bank downgraded shares of Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. 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. Wells Fargo & Company raised Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. Citigroup raised Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Robert W. Baird set a $425.00 price objective on Visa in a report on Wednesday, October 29th. Five 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, the stock has a consensus rating of “Buy” and a consensus target price of $402.52.

Visa Stock Performance

NYSE V opened at $353.69 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51. The business has a fifty day moving average of $338.94 and a 200-day moving average of $343.82. The stock has a market cap of $644.33 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping 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 firm had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the business posted $2.71 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The company 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 dividend on an annualized basis 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 payout ratio is presently 26.25%.

Insider Activity

In other news, Director Lloyd Carney sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the completion of the transaction, the director owned 2,468 shares of the company’s stock, valued at $830,432.64. The trade was a 26.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider directly owned 26,413 shares in the company, valued at $8,608,789.09. The trade was a 7.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,557 shares of company stock valued at $4,586,137 over the last 90 days. Insiders own 0.12% of the company’s stock.

Visa Profile

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.