Fountainhead AM LLC Raises Stock Position in Visa Inc. (NYSE:V)

Fountainhead AM LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 16.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,938 shares of the credit-card processor’s stock after purchasing an additional 713 shares during the quarter. Fountainhead AM LLC’s holdings in Visa were worth $1,358,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Coalescence Partners Investment Management LP raised its holdings in Visa by 22.9% during the third quarter. Coalescence Partners Investment Management LP now owns 66,251 shares of the credit-card processor’s stock valued at $18,216,000 after acquiring an additional 12,339 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in Visa by 5.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 35,109 shares of the credit-card processor’s stock worth $9,653,000 after purchasing an additional 1,684 shares in the last quarter. Laffer Tengler Investments Inc. boosted its stake in Visa by 30.8% in the 3rd quarter. Laffer Tengler Investments Inc. now owns 9,562 shares of the credit-card processor’s stock worth $2,629,000 after purchasing an additional 2,253 shares during the period. Venturi Wealth Management LLC grew its holdings in Visa by 223.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 66,993 shares of the credit-card processor’s stock valued at $18,420,000 after buying an additional 46,263 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its position in shares of Visa by 4.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 19,575 shares of the credit-card processor’s stock valued at $5,382,000 after buying an additional 780 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Up 1.0 %

NYSE:V opened at $310.98 on Tuesday. The company’s 50 day moving average is $283.95 and its two-hundred day moving average is $274.67. The company has a market cap of $566.70 billion, a PE ratio of 31.96, a P/E/G ratio of 2.06 and a beta of 0.95. Visa Inc. has a twelve month low of $244.11 and a twelve month high of $312.44. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $9.49 billion. During the same quarter in the previous year, the business earned $2.33 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 11.18 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.59 dividend. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio is 21.38%.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of research reports. 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. Robert W. Baird boosted their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their price target on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Mizuho raised their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Four investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $321.74.

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.