Second Line Capital LLC Purchases 86 Shares of Visa Inc. $V

Second Line Capital LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 0.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,518 shares of the credit-card processor’s stock after purchasing an additional 86 shares during the quarter. Visa comprises 0.9% of Second Line Capital LLC’s portfolio, making the stock its 23rd largest holding. Second Line Capital LLC’s holdings in Visa were worth $3,686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in V. Keystone Global Partners LLC acquired a new stake in shares of Visa in the first quarter worth $26,000. von Borstel & Associates Inc. acquired a new position in shares of Visa in the 1st quarter valued at $27,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa during the fourth quarter valued at $47,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the first quarter valued at $54,000. Finally, Global X Japan Co. Ltd. bought a new position in shares of Visa in the first quarter valued at about $56,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $351.92 on Friday. The business’s 50-day moving average price is $348.35 and its 200-day moving average price is $347.44. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $645.00 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 12 month low of $268.23 and a 12 month high of $375.51.

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

Visa Dividend Announcement

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

Wall Street Analyst Weigh In

V has been the subject of a number of research reports. UBS Group reiterated a “buy” rating and issued a $415.00 price objective (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft began coverage on Visa in a research report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price objective for the company. Citigroup began coverage on Visa in a research report on Monday, June 2nd. They set a “buy” rating for the company. Jefferies Financial Group upped their price target on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Finally, Macquarie increased their price objective on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $380.84.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 537 shares of the company’s stock, valued at $190,001.34. This represents a 94.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,127 shares of company stock valued at $28,340,553. Insiders own 0.13% of the company’s stock.

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.