Visa Inc. (NYSE:V) Shares Purchased by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC grew its position in shares of Visa Inc. (NYSE:V) by 1.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,033 shares of the credit-card processor’s stock after purchasing an additional 256 shares during the period. SevenBridge Financial Group LLC’s holdings in Visa were worth $3,858,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in V. WFA Asset Management Corp boosted its stake in shares of Visa by 4.6% during the 1st quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after buying an additional 100 shares during the last quarter. Lavaca Capital LLC bought a new position in Visa during the 1st quarter valued at $249,000. Caxton Associates LP grew its holdings in Visa by 431.3% during the 1st quarter. Caxton Associates LP now owns 53,088 shares of the credit-card processor’s stock worth $14,816,000 after acquiring an additional 43,096 shares in the last quarter. Zurich Insurance Group Ltd FI increased its position in shares of Visa by 0.3% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 583,343 shares of the credit-card processor’s stock worth $162,799,000 after purchasing an additional 2,015 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Visa by 13.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 148,553 shares of the credit-card processor’s stock valued at $41,458,000 after purchasing an additional 17,887 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

V has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. Mizuho boosted their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Royal Bank of Canada upped their price target on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Bank of America lifted their price objective on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, Susquehanna increased their target price on shares of Visa from $326.00 to $339.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was 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 directly owns 538 shares in the company, valued at $148,687.06. This trade represents a 94.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Visa Stock Up 0.0 %

Visa stock opened at $309.92 on Friday. Visa Inc. has a 52 week low of $251.61 and a 52 week high of $312.44. The stock has a market cap of $577.34 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.08 and a beta of 0.95. The company’s 50-day moving average price is $289.52 and its two-hundred day moving average price is $277.34. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The business 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 revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $2.33 earnings per share. On average, analysts expect that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.59 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio is 24.25%.

About Visa

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.