Charles Lim Capital Ltd Acquires 70,000 Shares of Visa Inc. $V

Charles Lim Capital Ltd lifted its holdings in Visa Inc. (NYSE:V) by 1,400.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 75,000 shares of the credit-card processor’s stock after purchasing an additional 70,000 shares during the quarter. Visa comprises about 6.6% of Charles Lim Capital Ltd’s holdings, making the stock its 6th biggest position. Charles Lim Capital Ltd’s holdings in Visa were worth $26,629,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of V. Keystone Global Partners LLC acquired a new position in shares of Visa during the 1st quarter worth approximately $26,000. Family Legacy Financial Solutions LLC acquired a new stake in Visa in the 2nd quarter valued at $28,000. Harbor Asset Planning Inc. acquired a new stake in Visa in the 2nd quarter valued at $29,000. Cranbrook Wealth Management LLC increased its holdings in Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 41 shares in the last quarter. Finally, Hoese & Co LLP acquired a new position in Visa during the second quarter worth $36,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

NYSE:V opened at $334.10 on Thursday. The stock has a 50 day moving average price of $339.91 and a 200 day moving average price of $347.52. The stock has a market cap of $608.65 billion, a PE ratio of 32.72, a P/E/G ratio of 1.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a one year low of $299.00 and a one year high of $375.51.

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

Visa Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group set a $425.00 target price on shares of Visa and gave the company a “buy” rating in a research report on Wednesday, October 29th. Robert W. Baird set a $425.00 price target on shares of Visa in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Morgan Stanley set a $398.00 target price on Visa and gave the company an “overweight” rating in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the transaction, the insider directly owned 26,413 shares in the company, valued at $8,608,789.09. The trade was a 7.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lloyd Carney sold 900 shares of the firm’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 transaction of $302,832.00. Following the sale, the director owned 2,468 shares of the company’s stock, valued at $830,432.64. This represents a 26.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,042 shares of company stock worth $8,175,152 in the last ninety days. 0.13% of the stock is owned by insiders.

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.