Second Line Capital LLC Increases Holdings in Visa Inc. (NYSE:V)

Second Line Capital LLC raised its stake in Visa Inc. (NYSE:V) by 16.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,679 shares of the credit-card processor’s stock after purchasing an additional 1,485 shares during the quarter. Visa comprises about 0.8% of Second Line Capital LLC’s investment portfolio, making the stock its 26th biggest position. Second Line Capital LLC’s holdings in Visa were worth $2,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its holdings in Visa by 2.2% in the second quarter. AdvisorNet Financial Inc now owns 6,251 shares of the credit-card processor’s stock valued at $1,641,000 after purchasing an additional 137 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Visa by 3.2% during the 2nd quarter. 180 Wealth Advisors LLC now owns 11,254 shares of the credit-card processor’s stock valued at $2,955,000 after buying an additional 346 shares during the last quarter. Baader Bank Aktiengesellschaft grew its position in shares of Visa by 9.3% during the second quarter. Baader Bank Aktiengesellschaft now owns 58,655 shares of the credit-card processor’s stock worth $15,299,000 after buying an additional 4,988 shares in the last quarter. Northcape Capital Pty Ltd increased its stake in shares of Visa by 20.7% in the second quarter. Northcape Capital Pty Ltd now owns 15,997 shares of the credit-card processor’s stock worth $4,199,000 after buying an additional 2,740 shares during the last quarter. Finally, Salvus Wealth Management LLC grew its holdings in Visa by 10.9% during the 2nd quarter. Salvus Wealth Management LLC now owns 3,036 shares of the credit-card processor’s stock worth $797,000 after acquiring an additional 299 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on V shares. Keefe, Bruyette & Woods upped their target price on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday. BMO Capital Markets upped 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. Deutsche Bank Aktiengesellschaft boosted their price target on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Susquehanna upped their price target on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research report on Wednesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $324.74.

Visa Stock Performance

Shares of V opened at $312.38 on Wednesday. The firm has a market capitalization of $581.93 billion, a PE ratio of 32.10, a P/E/G ratio of 2.07 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $296.38 and a 200 day moving average price of $279.98. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $317.42.

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, beating the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the firm posted $2.33 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is 24.25%.

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.