TD Capital Management LLC Has $101,000 Position in Visa Inc. $V

TD Capital Management LLC raised its stake in shares of Visa Inc. (NYSE:V) by 16.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 289 shares of the credit-card processor’s stock after buying an additional 40 shares during the quarter. TD Capital Management LLC’s holdings in Visa were worth $101,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Keystone Global Partners LLC acquired a new position in shares of Visa during the 1st quarter worth about $26,000. von Borstel & Associates Inc. acquired a new position in shares of Visa in the 1st quarter valued at approximately $27,000. Measured Risk Portfolios Inc. acquired a new position in shares of Visa in the 4th quarter valued at approximately $47,000. Navigoe LLC acquired a new position in shares of Visa in the 4th quarter valued at approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 1st quarter valued at approximately $54,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Trading Down 0.1%

Shares of Visa stock opened at $350.72 on Thursday. Visa Inc. has a 12-month low of $267.67 and a 12-month high of $375.51. The stock has a market cap of $642.80 billion, a P/E ratio of 34.25, a P/E/G ratio of 2.34 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $347.87 and its 200-day moving average is $347.44.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter in the prior year, the business posted $2.42 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Truist Financial decreased their price objective on Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. Macquarie boosted their target price on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley boosted their target price on Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $380.84.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the sale, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $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. Insiders have sold a total of 77,127 shares of company stock worth $28,340,553 in the last 90 days. Corporate 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.