Exencial Wealth Advisors LLC Has $25.12 Million Stake in Visa Inc. (NYSE:V)

Exencial Wealth Advisors LLC trimmed its position in shares of Visa Inc. (NYSE:V) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,351 shares of the credit-card processor’s stock after selling 1,582 shares during the period. Visa makes up approximately 0.9% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Exencial Wealth Advisors LLC’s holdings in Visa were worth $25,117,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of V. WFA Asset Management Corp lifted its holdings in shares of Visa by 4.6% in the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after acquiring an additional 100 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in Visa by 46.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock valued at $14,046,000 after buying an additional 16,078 shares during the last quarter. Signaturefd LLC raised its holdings in Visa by 2.3% in the 1st quarter. Signaturefd LLC now owns 39,140 shares of the credit-card processor’s stock valued at $10,923,000 after buying an additional 884 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in Visa by 9.0% in the 1st quarter. Richardson Financial Services Inc. now owns 5,020 shares of the credit-card processor’s stock valued at $1,401,000 after buying an additional 416 shares during the last quarter. Finally, Csenge Advisory Group raised its holdings in Visa by 3.1% in the 1st quarter. Csenge Advisory Group now owns 15,000 shares of the credit-card processor’s stock valued at $4,186,000 after buying an additional 458 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Trading Up 4.8 %

Shares of Visa stock opened at $307.36 on Thursday. Visa Inc. has a 52-week low of $240.97 and a 52-week high of $309.00. The stock’s 50-day simple moving average is $282.69 and its 200 day simple moving average is $274.20. The stock has a market capitalization of $560.11 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.96 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.28.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the business posted $2.33 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that Visa Inc. will post 11.18 EPS for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Tuesday, November 12th. Visa’s payout ratio is currently 21.38%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on V shares. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Mizuho increased their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Barclays increased their target price on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday. Piper Sandler increased their target price on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Compass Point began coverage on shares of Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 target price for the company. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated 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 approximately $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.19% of the stock is currently owned by company insiders.

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.