Trevian Wealth Management LLC Makes New Investment in Visa Inc. $V

Trevian Wealth Management LLC purchased a new stake in Visa Inc. (NYSE:V) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 2,199 shares of the credit-card processor’s stock, valued at approximately $751,000. Visa makes up 0.4% of Trevian Wealth Management LLC’s holdings, making the stock its 24th biggest holding.

Several other large investors also recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC acquired a new position in Visa in the 2nd quarter worth $28,000. Harbor Asset Planning Inc. bought a new stake in shares of Visa in the second quarter valued at about $29,000. Sagard Holdings Management Inc. bought a new stake in shares of Visa in the second quarter valued at about $31,000. Cranbrook Wealth Management LLC boosted its position in shares of Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after buying an additional 41 shares during the period. Finally, Bare Financial Services Inc grew its holdings in shares of Visa by 287.0% during the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after buying an additional 66 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.7%

Shares of Visa stock opened at $349.75 on Friday. The stock has a market cap of $637.15 billion, a P/E ratio of 34.26, a P/E/G ratio of 2.06 and a beta of 0.81. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The business’s 50 day moving average is $340.09 and its 200-day moving average is $344.14.

Visa (NYSE:V) last released its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. The business had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $2.71 earnings per share. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were given a $0.67 dividend. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s payout ratio is 26.25%.

Analysts Set New Price Targets

Several research firms have commented on V. Morgan Stanley set a $398.00 target price on Visa and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 price target on shares of Visa in a research note on Wednesday, October 29th. Citigroup raised shares of Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Evercore ISI set a $380.00 target price on shares of Visa in a research report on Friday, December 12th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Visa presently has an average rating of “Buy” and a consensus target price of $402.52.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $183,117. This trade represents a 95.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total value of $302,832.00. Following the transaction, the director directly owned 2,468 shares in the company, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,042 shares of company stock worth $8,247,289 in the last ninety days. Insiders own 0.12% of the company’s stock.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.