BCS Wealth Management Increases Stock Position in Visa Inc. (NYSE:V)

BCS Wealth Management boosted its position in shares of Visa Inc. (NYSE:V) by 42.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,264 shares of the credit-card processor’s stock after buying an additional 670 shares during the quarter. BCS Wealth Management’s holdings in Visa were worth $623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kozak & Associates Inc. increased its position in shares of Visa by 4.7% in the third quarter. Kozak & Associates Inc. now owns 3,713 shares of the credit-card processor’s stock valued at $1,068,000 after buying an additional 168 shares in the last quarter. Howard Capital Management Group LLC grew its stake in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after acquiring an additional 610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Visa by 1.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 441,939 shares of the credit-card processor’s stock worth $121,511,000 after acquiring an additional 8,288 shares in the last quarter. Marathon Asset Management Ltd lifted its holdings in Visa by 2.4% during the third quarter. Marathon Asset Management Ltd now owns 194,721 shares of the credit-card processor’s stock valued at $53,537,000 after purchasing an additional 4,479 shares in the last quarter. Finally, Ballast Inc. grew its position in shares of Visa by 5.8% in the third quarter. Ballast Inc. now owns 2,921 shares of the credit-card processor’s stock valued at $803,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on V. TD Cowen reduced their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Compass Point began coverage on Visa in a research report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. William Blair upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.19.

Visa Price Performance

Shares of V opened at $290.62 on Friday. The firm has a 50-day simple moving average of $276.91 and a two-hundred day simple moving average of $272.94. The stock has a market cap of $531.53 billion, a PE ratio of 32.47, a P/E/G ratio of 1.94 and a beta of 0.96. Visa Inc. has a 1-year low of $228.03 and a 1-year high of $293.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter last year, the firm earned $2.16 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, analysts forecast that Visa Inc. will post 9.92 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s payout ratio is 23.24%.

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.