Austin Wealth Management LLC Grows Position in Visa Inc. $V

Austin Wealth Management LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 236.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,752 shares of the credit-card processor’s stock after acquiring an additional 1,935 shares during the quarter. Austin Wealth Management LLC’s holdings in Visa were worth $950,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of V. Harbor Asset Planning Inc. bought a new stake in Visa during the second quarter worth about $29,000. Sagard Holdings Management Inc. bought a new position in shares of Visa during the 2nd quarter valued at about $31,000. Bare Financial Services Inc raised its holdings in shares of Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 66 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Visa during the 2nd quarter valued at about $36,000. Finally, Winnow Wealth LLC bought a new stake in Visa in the 2nd quarter worth approximately $40,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction dated 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 owned 26,413 shares in the company, valued at $8,608,789.09. This represents a 7.60% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.12% of the company’s stock.

Visa Trading Up 0.8%

V opened at $331.82 on Friday. 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 0.51, a current ratio of 1.11 and a quick ratio of 1.08. The business has a 50 day simple moving average of $338.50 and a two-hundred day simple moving average of $340.87. The firm has a market capitalization of $604.49 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.90 and a beta of 0.79.

Visa (NYSE:V) last posted its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the previous year, the firm earned $2.75 earnings per share. The business’s revenue was up 14.6% compared to the same quarter last year. Analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s dividend payout ratio is 25.14%.

Analysts Set New Price Targets

V has been the topic of a number of recent research reports. UBS Group reiterated a “buy” rating on shares of Visa in a research report on Tuesday, January 13th. TD Cowen reaffirmed a “buy” rating on shares of Visa in a report on Friday, January 30th. Citigroup raised shares of Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $395.00 price objective on shares of Visa in a research note on Friday, January 30th. Finally, HSBC upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $392.29.

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.