MBB Public Markets I LLC Makes New Investment in Visa Inc. $V

MBB Public Markets I LLC purchased a new stake in Visa Inc. (NYSE:V) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 936 shares of the credit-card processor’s stock, valued at approximately $328,000.

Other institutional investors also recently modified their holdings of the company. Keystone Global Partners LLC bought a new stake in Visa during the 1st quarter valued at $26,000. von Borstel & Associates Inc. bought a new position in shares of Visa in the first quarter worth $27,000. 1 North Wealth Services LLC purchased a new position in shares of Visa in the first quarter valued at $38,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa during the 4th quarter valued at $47,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of Visa during the 1st quarter valued at $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction dated Tuesday, July 1st. The stock was 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 $190,001.34. This represents a 94.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction that occurred 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 trade represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,293 shares of company stock worth $8,114,295 over the last ninety days. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE V opened at $342.45 on Tuesday. Visa Inc. has a 52-week low of $268.23 and a 52-week high of $375.51. The company has a fifty day moving average of $348.26 and a 200-day moving average of $347.15. The company has a market capitalization of $627.64 billion, a P/E ratio of 33.44, a P/E/G ratio of 2.28 and a beta of 0.92. 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 (NYSE:V) last released its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter last year, the business posted $2.42 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 yield of 0.7%. Visa’s dividend payout ratio is currently 23.05%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Visa from $400.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Wall Street Zen upgraded shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Mizuho raised shares of Visa from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. UBS Group reissued a “buy” rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Finally, Barclays reaffirmed an “overweight” rating and issued a $408.00 price target (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $385.96.

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.