Visa Inc. $V Shares Bought by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. grew its position in shares of Visa Inc. (NYSE:V) by 32.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,050 shares of the credit-card processor’s stock after purchasing an additional 257 shares during the quarter. SGL Investment Advisors Inc.’s holdings in Visa were worth $372,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Shell Asset Management Co. increased its position in shares of Visa by 19.7% during the 2nd quarter. Shell Asset Management Co. now owns 112,470 shares of the credit-card processor’s stock valued at $39,932,000 after purchasing an additional 18,489 shares during the period. Joel Isaacson & Co. LLC increased its position in shares of Visa by 4.1% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,824 shares of the credit-card processor’s stock valued at $3,133,000 after purchasing an additional 350 shares during the period. Wise Wealth Partners increased its position in shares of Visa by 74.7% during the 2nd quarter. Wise Wealth Partners now owns 1,513 shares of the credit-card processor’s stock valued at $537,000 after purchasing an additional 647 shares during the period. Roundview Capital LLC increased its holdings in shares of Visa by 6.1% in the second quarter. Roundview Capital LLC now owns 51,079 shares of the credit-card processor’s stock valued at $18,135,000 after buying an additional 2,943 shares in the last quarter. Finally, Sachetta LLC increased its holdings in shares of Visa by 16.4% in the second quarter. Sachetta LLC now owns 489 shares of the credit-card processor’s stock valued at $174,000 after buying an additional 69 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group restated a “buy” rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Macquarie lifted their target price on Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a report on Thursday, July 17th. They issued a “buy” rating and a $410.00 target price on the stock. Oppenheimer lifted their target price on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird set a $410.00 target price on Visa and gave the stock an “outperform” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $389.00.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the sale, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The shares were 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 of the company’s stock, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

Shares of Visa stock opened at $343.63 on Friday. The stock has a market cap of $629.79 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 2.06 and a beta of 0.90. The business has a fifty day simple moving average of $343.77 and a 200-day simple moving average of $346.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 12 month low of $275.37 and a 12 month high of $375.51.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.85 by $0.13. The business had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.Visa’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.42 earnings per share. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

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.