FSA Wealth Management LLC Makes New Investment in Visa Inc. (NYSE:V)

FSA Wealth Management LLC purchased a new stake in Visa Inc. (NYSE:V) in the third quarter, Holdings Channel reports. The institutional investor purchased 830 shares of the credit-card processor’s stock, valued at approximately $228,000.

Several other hedge funds also recently modified their holdings of V. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Visa during the second quarter worth $454,000. Bank & Trust Co acquired a new position in Visa during the 2nd quarter worth about $89,000. Birch Capital Management LLC grew its position in shares of Visa by 20.9% in the 2nd quarter. Birch Capital Management LLC now owns 3,910 shares of the credit-card processor’s stock valued at $1,026,000 after buying an additional 677 shares during the last quarter. Quent Capital LLC increased its stake in shares of Visa by 1.7% in the second quarter. Quent Capital LLC now owns 7,353 shares of the credit-card processor’s stock valued at $1,930,000 after buying an additional 125 shares during the period. Finally, Trust Co. of Toledo NA OH raised its position in shares of Visa by 9.0% during the second quarter. Trust Co. of Toledo NA OH now owns 15,926 shares of the credit-card processor’s stock worth $4,180,000 after acquiring an additional 1,314 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.1 %

Shares of Visa stock opened at $315.08 on Friday. The firm has a market cap of $586.96 billion, a PE ratio of 32.38, a P/E/G ratio of 2.12 and a beta of 0.95. Visa Inc. has a 1 year low of $252.14 and a 1 year high of $316.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a fifty day moving average price of $292.09 and a 200-day moving average price of $278.57.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.33 earnings per share. Equities research analysts anticipate that Visa Inc. will post 11.19 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 an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio is presently 24.25%.

Analyst Ratings Changes

V has been the topic of several analyst reports. Barclays upped their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Bank of America increased their price objective on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods upgraded Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets boosted their price objective on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 94.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

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.