Bbjs Financial Advisors LLC Raises Holdings in Visa Inc. (NYSE:V)

Bbjs Financial Advisors LLC grew its holdings in Visa Inc. (NYSE:V) by 111.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 285 shares of the credit-card processor’s stock after purchasing an additional 150 shares during the period. Bbjs Financial Advisors LLC’s holdings in Visa were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Scarborough Advisors LLC increased its stake in Visa by 5.1% during the fourth quarter. Scarborough Advisors LLC now owns 926 shares of the credit-card processor’s stock worth $241,000 after purchasing an additional 45 shares during the period. Greenwood Capital Associates LLC grew its stake in shares of Visa by 7.7% in the fourth quarter. Greenwood Capital Associates LLC now owns 997 shares of the credit-card processor’s stock worth $260,000 after acquiring an additional 71 shares in the last quarter. Skyline Advisors Inc. purchased a new stake in shares of Visa during the fourth quarter worth $289,000. Accent Capital Management LLC acquired a new stake in shares of Visa in the fourth quarter valued at $4,253,000. Finally, Warren Street Wealth Advisors LLC grew its stake in Visa by 18.4% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,984 shares of the credit-card processor’s stock worth $517,000 after purchasing an additional 309 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 directly owns 538 shares in the company, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of analyst reports. Bank of America raised their price target on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Royal Bank of Canada reduced their price objective on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Macquarie restated an “outperform” rating and issued a $300.00 target price on shares of Visa in a report on Friday, September 27th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $313.81.

Visa Stock Down 0.5 %

Shares of V traded down $1.41 during midday trading on Tuesday, reaching $279.27. 3,516,933 shares of the company were exchanged, compared to its average volume of 7,094,943. The company has a market cap of $510.77 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 1.92 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 stock has a 50-day moving average price of $274.65 and a 200-day moving average price of $272.63. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

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

Visa Announces Dividend

The business also recently declared 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 0.74%. The ex-dividend date was Friday, August 9th. Visa’s payout ratio is 23.24%.

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.