Bank Hapoalim BM Buys 182 Shares of Visa Inc. $V

Bank Hapoalim BM lifted its holdings in shares of Visa Inc. (NYSE:V) by 3.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,062 shares of the credit-card processor’s stock after buying an additional 182 shares during the period. Bank Hapoalim BM’s holdings in Visa were worth $1,797,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Sava Infond d.o.o. raised its holdings in shares of Visa by 100.0% during the 2nd quarter. Sava Infond d.o.o. now owns 920 shares of the credit-card processor’s stock worth $327,000 after buying an additional 460 shares in the last quarter. Apexium Financial LP raised its holdings in shares of Visa by 3.2% during the 2nd quarter. Apexium Financial LP now owns 3,768 shares of the credit-card processor’s stock worth $1,338,000 after buying an additional 118 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Visa by 5.2% during the 2nd quarter. Quent Capital LLC now owns 8,422 shares of the credit-card processor’s stock worth $2,990,000 after buying an additional 419 shares in the last quarter. Tilia Fiduciary Partners Inc. raised its holdings in shares of Visa by 0.5% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 11,811 shares of the credit-card processor’s stock worth $4,194,000 after buying an additional 59 shares in the last quarter. Finally, Ameriflex Group Inc. raised its holdings in shares of Visa by 33.1% during the 2nd quarter. Ameriflex Group Inc. now owns 3,230 shares of the credit-card processor’s stock worth $1,118,000 after buying an additional 803 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on V. Erste Group Bank cut Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Robert W. Baird set a $410.00 target price on Visa and gave the stock an “outperform” rating in a report on Monday. Oppenheimer upped their price target on Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Raymond James Financial reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th. Finally, Barclays restated an “overweight” rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $389.00.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Up 0.8%

Shares of NYSE:V opened at $351.96 on Wednesday. The business’s 50 day simple moving average is $343.65 and its two-hundred day simple moving average is $346.93. The firm has a market cap of $645.06 billion, a P/E ratio of 34.37, a PEG ratio of 2.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52-week low of $274.01 and a 52-week high of $375.51.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio is 23.05%.

Visa Company Profile

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.