Visa Inc. $V Shares Purchased by Biltmore Family Office LLC

Biltmore Family Office LLC increased its holdings in Visa Inc. (NYSE:VFree Report) by 118.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,670 shares of the credit-card processor’s stock after purchasing an additional 7,411 shares during the quarter. Biltmore Family Office LLC’s holdings in Visa were worth $4,667,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Harbor Asset Planning Inc. acquired a new stake in Visa in the 2nd quarter valued at $29,000. Sagard Holdings Management Inc. acquired a new position in Visa during the second quarter worth $31,000. Bare Financial Services Inc lifted its holdings in Visa by 287.0% during the second 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 in the last quarter. Hoese & Co LLP acquired a new stake in shares of Visa in the second quarter valued at about $36,000. Finally, Winnow Wealth LLC purchased a new stake in shares of Visa during the second quarter worth about $40,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $326.01 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. The business’s 50 day moving average price is $338.50 and its 200 day moving average price is $342.42. The company has a market cap of $593.90 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 1.92 and a beta of 0.81. Visa Inc. has a one year low of $299.00 and a one year high of $375.51.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The business had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the company earned $2.71 EPS. On average, research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio (DPR) is presently 26.25%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on V shares. KeyCorp restated an “overweight” rating and set a $405.00 price target on shares of Visa in a research report on Wednesday, October 22nd. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Visa in a research report on Wednesday. Evercore ISI set a $380.00 price target on Visa in a research note on Friday, December 12th. Finally, Robert W. Baird set a $425.00 price objective on Visa in a research note on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Visa has an average rating of “Buy” and an average price target of $401.52.

Check Out Our Latest Stock Report on Visa

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

Insider Activity

In other news, Director Lloyd Carney sold 900 shares of the firm’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 transaction of $302,832.00. Following the completion of the sale, the director owned 2,468 shares in the company, valued at $830,432.64. This trade represents a 26.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,042 shares of company stock valued at $8,247,289 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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