Visa Inc. (NYSE:V) Shares Bought by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. grew its position in shares of Visa Inc. (NYSE:V) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,830 shares of the credit-card processor’s stock after purchasing an additional 338 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Visa were worth $3,803,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Visa in the second quarter valued at approximately $454,000. Bank & Trust Co purchased a new position in Visa during the second quarter valued at $89,000. Birch Capital Management LLC grew its position in shares of Visa by 20.9% in the second quarter. Birch Capital Management LLC now owns 3,910 shares of the credit-card processor’s stock valued at $1,026,000 after purchasing an additional 677 shares during the period. Quent Capital LLC increased its stake in shares of Visa by 1.7% during the second quarter. Quent Capital LLC now owns 7,353 shares of the credit-card processor’s stock worth $1,930,000 after purchasing an additional 125 shares in the last quarter. Finally, Trust Co. of Toledo NA OH raised its position in shares of Visa by 9.0% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 15,926 shares of the credit-card processor’s stock worth $4,180,000 after purchasing an additional 1,314 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’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 completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The trade was a 94.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were 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 owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Visa Stock Up 0.1 %

NYSE:V opened at $315.08 on Friday. Visa Inc. has a 52 week low of $252.14 and a 52 week high of $316.37. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average is $292.09 and its two-hundred day moving average is $278.57. The stock has a market capitalization of $586.96 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 2.12 and a beta of 0.95.

Visa (NYSE:V) last posted its 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 firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. Research analysts anticipate that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.59 per share. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio is presently 24.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on V shares. Morgan Stanley lifted their price objective on Visa from $322.00 to $326.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Compass Point assumed coverage on Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price target for the company. Jefferies Financial Group raised their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Susquehanna upped 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. Finally, Keefe, Bruyette & Woods upgraded shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $321.74.

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.