Chatham Capital Group Inc. Sells 255 Shares of Visa Inc. $V

Chatham Capital Group Inc. lessened its stake in Visa Inc. (NYSE:V) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,739 shares of the credit-card processor’s stock after selling 255 shares during the period. Chatham Capital Group Inc.’s holdings in Visa were worth $2,393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Blossom Wealth Management grew its position in shares of Visa by 1.4% in the 2nd quarter. Blossom Wealth Management now owns 2,848 shares of the credit-card processor’s stock valued at $1,011,000 after buying an additional 40 shares during the last quarter. KG&L Capital Management LLC grew its position in shares of Visa by 205.4% in the 2nd quarter. KG&L Capital Management LLC now owns 7,930 shares of the credit-card processor’s stock valued at $2,816,000 after buying an additional 5,333 shares during the last quarter. CogentBlue Wealth Advisors LLC grew its position in shares of Visa by 5.0% in the 2nd quarter. CogentBlue Wealth Advisors LLC now owns 1,261 shares of the credit-card processor’s stock valued at $448,000 after buying an additional 60 shares during the last quarter. Tempus Wealth Planning LLC grew its position in shares of Visa by 7.7% in the 2nd quarter. Tempus Wealth Planning LLC now owns 4,204 shares of the credit-card processor’s stock valued at $1,492,000 after buying an additional 300 shares during the last quarter. Finally, LVW Advisors LLC boosted its position in shares of Visa by 6.0% during the 2nd quarter. LVW Advisors LLC now owns 21,143 shares of the credit-card processor’s stock valued at $7,507,000 after purchasing an additional 1,193 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on V shares. UBS Group restated a “buy” rating and set a $415.00 target price (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Macquarie upped their target price on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Morgan Stanley upped their target price on Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Barclays restated an “overweight” rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Finally, Truist Financial cut their target price on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $385.96.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Visa Stock Up 0.9%

V stock opened at $340.27 on Tuesday. The stock’s 50 day simple moving average is $344.44 and its 200 day simple moving average is $346.54. Visa Inc. has a fifty-two week low of $273.20 and a fifty-two week 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 market cap of $623.64 billion, a P/E ratio of 33.23, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

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

Visa Announces Dividend

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

Visa 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.