Atria Investments Inc Increases Stock Holdings in Visa Inc. (NYSE:V)

Atria Investments Inc increased its holdings in Visa Inc. (NYSE:V) by 0.6% in the third quarter, Holdings Channel.com reports. The firm owned 203,057 shares of the credit-card processor’s stock after purchasing an additional 1,273 shares during the period. Visa accounts for 0.7% of Atria Investments Inc’s investment portfolio, making the stock its 17th largest holding. Atria Investments Inc’s holdings in Visa were worth $55,831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Essex Savings Bank grew its position in shares of Visa by 1.0% in the third quarter. Essex Savings Bank now owns 15,429 shares of the credit-card processor’s stock valued at $4,242,000 after purchasing an additional 160 shares during the period. Kerusso Capital Management LLC grew its position in Visa by 6.4% during the third quarter. Kerusso Capital Management LLC now owns 10,146 shares of the credit-card processor’s stock valued at $2,790,000 after acquiring an additional 611 shares during the period. Oxbow Advisors LLC grew its position in Visa by 0.8% during the third quarter. Oxbow Advisors LLC now owns 41,173 shares of the credit-card processor’s stock valued at $11,321,000 after acquiring an additional 330 shares during the period. Acorn Financial Advisory Services Inc. ADV grew its position in Visa by 3.6% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,243 shares of the credit-card processor’s stock valued at $617,000 after acquiring an additional 78 shares during the period. Finally, Objective Capital Management LLC purchased a new stake in Visa during the third quarter valued at about $210,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.7 %

Shares of NYSE V opened at $307.87 on Friday. The stock’s 50 day moving average price is $283.95 and its two-hundred day moving average price is $274.67. Visa Inc. has a 52-week low of $240.97 and a 52-week high of $311.15. The stock has a market capitalization of $561.03 billion, a P/E ratio of 31.64, a PEG ratio of 2.06 and a beta of 0.95. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

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

Visa Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on V. Deutsche Bank Aktiengesellschaft boosted their price target on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Macquarie boosted their price target on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays boosted their price target on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Mizuho boosted their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Susquehanna upped their target price on Visa from $326.00 to $339.00 and gave the stock a “positive” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.19% of the company’s stock.

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.