XY Planning Network Inc. Buys 575 Shares of Visa Inc. $V

XY Planning Network Inc. grew its stake in Visa Inc. (NYSE:V) by 70.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,395 shares of the credit-card processor’s stock after purchasing an additional 575 shares during the period. XY Planning Network Inc.’s holdings in Visa were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of V. Brighton Jones LLC lifted its stake in shares of Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after purchasing an additional 4,817 shares during the last quarter. Summit Global Investments bought a new stake in shares of Visa in the 1st quarter valued at approximately $232,000. Baker Tilly Wealth Management LLC raised its holdings in shares of Visa by 2.9% in the first quarter. Baker Tilly Wealth Management LLC now owns 12,465 shares of the credit-card processor’s stock worth $4,369,000 after buying an additional 348 shares during the period. Finally, Worth Asset Management LLC raised its holdings in shares of Visa by 218.6% in the first quarter. Worth Asset Management LLC now owns 6,381 shares of the credit-card processor’s stock worth $2,236,000 after buying an additional 4,378 shares during the period. 82.15% of the stock is owned by institutional investors.

Visa Trading Up 0.9%

V opened at $340.27 on Tuesday. The stock’s fifty day moving average is $344.44 and its two-hundred day moving average is $346.54. The company has a market capitalization of $623.64 billion, a P/E ratio of 33.23, a PEG ratio of 2.24 and a beta of 0.92. Visa Inc. has a 52 week low of $273.20 and a 52 week high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.Visa’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business posted $2.42 EPS. Analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s dividend payout ratio (DPR) is 23.05%.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. Citigroup initiated coverage on Visa in a report on Monday, June 2nd. They issued a “buy” rating on the stock. Macquarie increased their price target on Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Barclays reiterated an “overweight” rating and issued a $408.00 price target (up from $396.00) on shares of Visa in a report on Thursday, July 31st. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $385.96.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the sale, the general counsel owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.