Visa Inc. $V Stock Position Raised by SYM FINANCIAL Corp

SYM FINANCIAL Corp lifted its holdings in shares of Visa Inc. (NYSE:V) by 25.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,166 shares of the credit-card processor’s stock after buying an additional 638 shares during the period. SYM FINANCIAL Corp’s holdings in Visa were worth $1,124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Brighton Jones LLC grew its position in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after purchasing an additional 4,817 shares during the last quarter. Cairn Investment Group Inc. grew its position in Visa by 3.3% in the 1st quarter. Cairn Investment Group Inc. now owns 1,882 shares of the credit-card processor’s stock worth $660,000 after purchasing an additional 60 shares during the last quarter. Northwest Wealth Management LLC grew its position in Visa by 23.2% in the 1st quarter. Northwest Wealth Management LLC now owns 950 shares of the credit-card processor’s stock worth $333,000 after purchasing an additional 179 shares during the last quarter. Finally, Jacobsen Capital Management grew its position in Visa by 3.1% in the 1st quarter. Jacobsen Capital Management now owns 4,982 shares of the credit-card processor’s stock worth $1,746,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 1.7%

Shares of NYSE:V opened at $340.93 on Thursday. The stock has a market capitalization of $624.86 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 2.05 and a beta of 0.90. Visa Inc. has a 1-year low of $287.19 and a 1-year high of $375.51. 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 company has a 50 day moving average price of $344.93 and a 200 day moving average price of $348.30.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The firm 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 60.20%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $2.71 earnings per share. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s payout ratio is 23.05%.

Analyst Upgrades and Downgrades

Several research analysts have commented on V shares. UBS Group set a $425.00 target price on shares of Visa and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer increased their price objective on shares of Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $408.00 price objective (up from $398.00) on shares of Visa in a report on Wednesday. Robert W. Baird set a $425.00 price objective on shares of Visa in a report on Wednesday. Finally, Truist Financial decreased their price objective on shares of Visa from $400.00 to $397.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $400.00.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s 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 completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’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 of the company’s stock, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

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.