Visa Inc. $V Stake Raised by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,116 shares of the credit-card processor’s stock after buying an additional 528 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Visa were worth $3,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Catalyst Capital Advisors LLC raised its holdings in shares of Visa by 102.6% during the second quarter. Catalyst Capital Advisors LLC now owns 5,187 shares of the credit-card processor’s stock valued at $1,842,000 after buying an additional 2,627 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Visa by 2.1% during the second quarter. Asset Management One Co. Ltd. now owns 881,466 shares of the credit-card processor’s stock valued at $312,965,000 after buying an additional 18,159 shares during the last quarter. AlTi Global Inc. raised its holdings in shares of Visa by 6.4% during the second quarter. AlTi Global Inc. now owns 23,309 shares of the credit-card processor’s stock valued at $8,293,000 after buying an additional 1,408 shares during the last quarter. Cardinal Point Capital Management ULC raised its holdings in shares of Visa by 597.0% during the second quarter. Cardinal Point Capital Management ULC now owns 22,563 shares of the credit-card processor’s stock valued at $8,011,000 after buying an additional 19,326 shares during the last quarter. Finally, Carnegie Investment Counsel raised its holdings in shares of Visa by 4.9% during the second quarter. Carnegie Investment Counsel now owns 180,927 shares of the credit-card processor’s stock valued at $64,238,000 after buying an additional 8,459 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. The trade was a 95.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa 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 transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Trading Up 0.4%

Visa stock opened at $347.34 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $636.60 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. Visa Inc. has a 1 year low of $280.78 and a 1 year high of $375.51. The firm’s 50 day moving average price is $344.79 and its two-hundred day moving average price is $347.98.

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

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa’s payout ratio is presently 23.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on V shares. Macquarie lifted their price target on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Raymond James Financial reissued an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. Truist Financial dropped their target price on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Erste Group Bank cut Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company raised Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $392.75.

Visa Company Profile

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.