Visa Inc. $V Shares Sold by G&S Capital LLC

G&S Capital LLC cut its position in shares of Visa Inc. (NYSE:V) by 89.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 810 shares of the credit-card processor’s stock after selling 6,586 shares during the period. G&S Capital LLC’s holdings in Visa were worth $277,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new stake in Visa during the 2nd quarter worth approximately $28,000. Harbor Asset Planning Inc. purchased a new stake in Visa during the second quarter worth approximately $29,000. Sagard Holdings Management Inc. acquired a new stake in shares of Visa in the second quarter worth $31,000. Cranbrook Wealth Management LLC increased its position in shares of Visa by 82.0% in the second 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, Bare Financial Services Inc raised its stake in shares of Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after acquiring an additional 66 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other 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 completion of the sale, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. The trade was a 7.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the 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 transaction, the chief executive officer directly owned 537 shares in the company, valued at $183,117. The trade was a 95.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,042 shares of company stock worth $8,247,289 in the last ninety days. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on V. Bank of America raised shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 price target for the company in a research report on Thursday, December 11th. Morgan Stanley set a $398.00 target price on Visa and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. HSBC upgraded Visa from a “hold” rating to a “buy” rating and increased their target price for the company from $335.00 to $389.00 in a research note on Sunday, December 7th. Citigroup upgraded Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Erste Group Bank downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Five research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $402.52.

Visa Trading Down 0.7%

Shares of V opened at $349.75 on Friday. Visa Inc. has a one year low of $299.00 and a one year high of $375.51. The stock has a 50-day moving average price of $340.09 and a 200 day moving average price of $344.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization 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.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.Visa’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.71 EPS. Sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

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

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.