Visa Inc. (NYSE:V) Stock Holdings Lowered by L & S Advisors Inc

L & S Advisors Inc cut its position in Visa Inc. (NYSE:V) by 45.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,517 shares of the credit-card processor’s stock after selling 12,788 shares during the quarter. L & S Advisors Inc’s holdings in Visa were worth $4,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Brio Consultants LLC lifted its position in Visa by 39.1% in the fourth quarter. Brio Consultants LLC now owns 1,555 shares of the credit-card processor’s stock worth $405,000 after purchasing an additional 437 shares during the period. Gilbert & Cook Inc. raised its position in Visa by 2.9% in the fourth quarter. Gilbert & Cook Inc. now owns 5,629 shares of the credit-card processor’s stock worth $1,466,000 after acquiring an additional 158 shares in the last quarter. Aveo Capital Partners LLC lifted its holdings in Visa by 9.2% in the 4th quarter. Aveo Capital Partners LLC now owns 2,802 shares of the credit-card processor’s stock valued at $730,000 after acquiring an additional 235 shares during the last quarter. 9258 Wealth Management LLC boosted its position in shares of Visa by 20.8% during the 4th quarter. 9258 Wealth Management LLC now owns 8,043 shares of the credit-card processor’s stock valued at $2,094,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Gryphon Financial Partners LLC raised its holdings in shares of Visa by 53.8% in the 4th quarter. Gryphon Financial Partners LLC now owns 13,640 shares of the credit-card processor’s stock worth $3,282,000 after purchasing an additional 4,774 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $148,687.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on V shares. Bank of America reiterated a “neutral” rating and set a $297.00 price objective (down previously from $305.00) on shares of Visa in a research report on Wednesday, July 10th. William Blair upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Jefferies Financial Group dropped their target price on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a report on Tuesday, September 3rd. Finally, Evercore ISI decreased their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $309.81.

Visa Trading Up 1.1 %

Visa stock opened at $290.52 on Tuesday. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $529.42 billion, a PE ratio of 32.46, a PEG ratio of 2.01 and a beta of 0.96. The business’s 50-day simple moving average is $268.78 and its 200-day simple moving average is $273.21.

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

Visa Announces Dividend

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