Visa Inc. (NYSE:V) Shares Sold by Running Point Capital Advisors LLC

Running Point Capital Advisors LLC decreased its position in shares of Visa Inc. (NYSE:V) by 21.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,447 shares of the credit-card processor’s stock after selling 395 shares during the period. Running Point Capital Advisors LLC’s holdings in Visa were worth $398,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of V. Tradewinds LLC. raised its stake in Visa by 4.7% during the third quarter. Tradewinds LLC. now owns 24,470 shares of the credit-card processor’s stock worth $6,728,000 after purchasing an additional 1,096 shares during the period. German American Bancorp Inc. raised its position in shares of Visa by 2.1% in the 3rd quarter. German American Bancorp Inc. now owns 6,276 shares of the credit-card processor’s stock worth $1,726,000 after buying an additional 130 shares during the period. America First Investment Advisors LLC boosted its holdings in Visa by 2.5% in the third quarter. America First Investment Advisors LLC now owns 75,255 shares of the credit-card processor’s stock valued at $20,691,000 after acquiring an additional 1,831 shares during the last quarter. Landscape Capital Management L.L.C. grew its position in Visa by 3.6% during the third quarter. Landscape Capital Management L.L.C. now owns 25,267 shares of the credit-card processor’s stock valued at $6,947,000 after acquiring an additional 888 shares during the period. Finally, Overbrook Management Corp grew its holdings in shares of Visa by 4.9% during the 3rd quarter. Overbrook Management Corp now owns 60,845 shares of the credit-card processor’s stock worth $16,729,000 after purchasing an additional 2,820 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent research reports. Jefferies Financial Group increased their target price on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup boosted their target price on shares of Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Bank of America raised their price target on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $317.00 target price on shares of Visa in a research note on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $321.74.

Visa Stock Performance

Shares of NYSE V opened at $307.39 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day simple moving average is $288.57 and its 200-day simple moving average is $276.84. The firm has a market cap of $560.16 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 2.09 and a beta of 0.95. Visa Inc. has a 52 week low of $250.03 and a 52 week high of $312.44.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $2.33 EPS. As a group, equities research analysts expect that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.77%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is 24.25%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 94.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Visa Company 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.