Wealthstream Advisors Inc. Has $333,000 Stake in Visa Inc. (NYSE:V)

Wealthstream Advisors Inc. grew its holdings in shares of Visa Inc. (NYSE:V) by 25.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,211 shares of the credit-card processor’s stock after purchasing an additional 246 shares during the period. Wealthstream Advisors Inc.’s holdings in Visa were worth $333,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in V. Zions Bancorporation N.A. lifted its position in Visa by 17.4% during the third quarter. Zions Bancorporation N.A. now owns 42,253 shares of the credit-card processor’s stock worth $11,617,000 after purchasing an additional 6,255 shares during the period. KBC Group NV lifted its holdings in shares of Visa by 17.5% during the 3rd quarter. KBC Group NV now owns 1,159,699 shares of the credit-card processor’s stock worth $318,859,000 after acquiring an additional 172,549 shares during the period. ROI Financial Advisors LLC lifted its holdings in shares of Visa by 6.5% during the 3rd quarter. ROI Financial Advisors LLC now owns 17,922 shares of the credit-card processor’s stock worth $4,928,000 after acquiring an additional 1,092 shares during the period. Fortis Capital Management LLC boosted its position in shares of Visa by 4.7% during the 3rd quarter. Fortis Capital Management LLC now owns 17,921 shares of the credit-card processor’s stock worth $4,927,000 after acquiring an additional 812 shares in the last quarter. Finally, Freemont Management S.A. raised its position in Visa by 9.9% during the third quarter. Freemont Management S.A. now owns 2,000 shares of the credit-card processor’s stock valued at $550,000 after purchasing an additional 180 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

V opened at $309.51 on Thursday. The firm’s fifty day moving average price is $285.84 and its two-hundred day moving average price is $275.41. The company has a market capitalization of $564.02 billion, a price-to-earnings ratio of 31.81, a P/E/G ratio of 2.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37. Visa Inc. has a 1 year low of $245.34 and a 1 year high of $312.44.

Visa (NYSE:V) last issued 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. 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 the consensus estimate of $9.49 billion. During the same period in the prior year, the firm posted $2.33 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is 24.25%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup raised their target price on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Compass Point initiated coverage on shares of Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price for the company. Susquehanna raised their price target on shares of Visa from $326.00 to $339.00 and gave the company a “positive” rating in a research note on Wednesday, October 30th. Finally, BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective for the company in a research report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $321.74.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed 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.