Texas Capital Bank Wealth Management Services Inc Purchases 3,260 Shares of Visa Inc. $V

Texas Capital Bank Wealth Management Services Inc boosted its position in Visa Inc. (NYSE:V) by 78.0% in the 1st quarter, Holdings Channel reports. The firm owned 7,437 shares of the credit-card processor’s stock after buying an additional 3,260 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Visa were worth $2,606,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 6,883 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after purchasing an additional 4,817 shares during the period. Jump Financial LLC boosted its holdings in shares of Visa by 241.6% in the fourth quarter. Jump Financial LLC now owns 3,546 shares of the credit-card processor’s stock valued at $1,121,000 after purchasing an additional 2,508 shares during the period. Capital Research Global Investors boosted its holdings in shares of Visa by 0.7% in the fourth quarter. Capital Research Global Investors now owns 707,582 shares of the credit-card processor’s stock valued at $223,624,000 after purchasing an additional 4,836 shares during the period. Finally, Transce3nd LLC purchased a new stake in shares of Visa in the fourth quarter valued at approximately $180,000. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V opened at $342.81 on Tuesday. The firm has a market capitalization of $628.30 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $265.23 and a 1-year high of $375.51. The company’s fifty day moving average price is $349.69 and its 200-day moving average price is $347.45.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period in the prior year, the company earned $2.42 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa’s dividend payout ratio is presently 23.05%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,100 shares of company stock worth $27,643,224. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

V has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. BMO Capital Markets boosted their price objective on shares of Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. UBS Group reissued a “buy” rating and issued a $415.00 price objective (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. The Goldman Sachs Group initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a “neutral” rating for the company. Finally, Citigroup initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a “buy” rating for the company. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $380.84.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.