Executive Wealth Management LLC Has $6.45 Million Stake in Visa Inc. (NYSE:V)

Executive Wealth Management LLC raised its holdings in Visa Inc. (NYSE:V) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,456 shares of the credit-card processor’s stock after buying an additional 368 shares during the period. Executive Wealth Management LLC’s holdings in Visa were worth $6,449,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hilltop National Bank acquired a new stake in Visa in the first quarter valued at $1,212,000. Arjuna Capital lifted its stake in Visa by 0.8% in the 2nd quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock valued at $3,111,000 after purchasing an additional 96 shares during the last quarter. Custom Index Systems LLC bought a new position in Visa during the third quarter worth about $731,000. Obermeyer Wood Investment Counsel Lllp increased its position in Visa by 61.1% during the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 19,749 shares of the credit-card processor’s stock worth $5,512,000 after buying an additional 7,491 shares during the last quarter. Finally, Mechanics Bank Trust Department raised its stake in Visa by 8.0% in the second quarter. Mechanics Bank Trust Department now owns 32,460 shares of the credit-card processor’s stock valued at $8,520,000 after buying an additional 2,410 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Activity at Visa

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

Analysts Set New Price Targets

A number of research firms recently weighed in on V. Robert W. Baird increased their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen upped their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Bank of America raised 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. Finally, Jefferies Financial Group increased their target price on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $321.74.

Visa Price Performance

Shares of NYSE V opened at $307.92 on Friday. Visa Inc. has a 1-year low of $240.97 and a 1-year high of $311.15. The firm has a market capitalization of $561.13 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.06 and a beta of 0.95. The firm’s 50-day moving average price is $283.95 and its 200-day moving average price is $274.67. 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 announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.49 billion. During the same quarter in the previous year, the business posted $2.33 EPS. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Increases Dividend

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

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.