Lenox Wealth Advisors LLC lifted its stake in Visa Inc (NYSE:V) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,573 shares of the credit-card processor’s stock after acquiring an additional 63 shares during the period. Lenox Wealth Advisors LLC’s holdings in Visa were worth $959,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC purchased a new position in Visa during the 2nd quarter worth $26,000. Lowe Wealth Advisors LLC grew its stake in Visa by 114.7% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 86 shares during the last quarter. Personal Wealth Partners purchased a new stake in Visa during the 2nd quarter valued at about $30,000. Mcmillion Capital Management Inc. purchased a new stake in Visa during the 2nd quarter valued at about $38,000. Finally, Hexavest Inc. purchased a new stake in Visa during the 2nd quarter valued at about $40,000. 80.99% of the stock is owned by hedge funds and other institutional investors.
In other Visa news, insider Vasant M. Prabhu sold 25,051 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the transaction, the insider now owns 62,223 shares of the company’s stock, valued at $11,271,074.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Denise M. Morrison bought 1,000 shares of Visa stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of $171.13 per share, with a total value of $171,130.00. Following the acquisition, the director now directly owns 3,223 shares of the company’s stock, valued at $551,551.99. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.
NYSE V traded up $2.71 during trading hours on Thursday, reaching $172.54. The company’s stock had a trading volume of 3,684,994 shares, compared to its average volume of 8,602,975. The firm has a market capitalization of $341.25 billion, a price-to-earnings ratio of 37.43, a P/E/G ratio of 2.04 and a beta of 0.97. Visa Inc has a 1-year low of $121.60 and a 1-year high of $187.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The company’s 50-day moving average is $177.56 and its two-hundred day moving average is $169.72.
Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. Visa’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 EPS. Equities analysts forecast that Visa Inc will post 5.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Visa’s payout ratio is 21.69%.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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