Quilter Plc Sells 6,505 Shares of Visa Inc. $V

Quilter Plc decreased its holdings in shares of Visa Inc. (NYSE:V) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 760,816 shares of the credit-card processor’s stock after selling 6,505 shares during the quarter. Visa comprises 4.9% of Quilter Plc’s holdings, making the stock its 4th largest holding. Quilter Plc’s holdings in Visa were worth $270,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Semus Wealth Partners LLC lifted its holdings in shares of Visa by 0.8% in the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor’s stock worth $1,209,000 after acquiring an additional 29 shares during the last quarter. BankPlus Wealth Management LLC lifted its stake in Visa by 0.9% during the second quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor’s stock worth $1,185,000 after purchasing an additional 29 shares in the last quarter. Transcendent Capital Group LLC boosted its position in shares of Visa by 2.9% during the second quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor’s stock worth $360,000 after buying an additional 29 shares during the period. Valued Retirements Inc. grew its stake in shares of Visa by 4.3% in the first quarter. Valued Retirements Inc. now owns 728 shares of the credit-card processor’s stock valued at $255,000 after buying an additional 30 shares in the last quarter. Finally, Interchange Capital Partners LLC grew its stake in shares of Visa by 0.5% in the second quarter. Interchange Capital Partners LLC now owns 6,413 shares of the credit-card processor’s stock valued at $2,276,000 after buying an additional 30 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the transaction, the director owned 2,468 shares in the company, valued at approximately $830,432.64. The trade was a 26.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,117. This trade represents a 95.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,870 shares of company stock worth $7,467,233 in the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Trading Up 0.8%

NYSE:V opened at $323.87 on Thursday. The company has a market capitalization of $590.01 billion, a PE ratio of 31.72, a P/E/G ratio of 1.90 and a beta of 0.87. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51. The stock’s 50 day moving average price is $341.07 and its 200 day moving average price is $348.23. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the previous year, the company posted $2.71 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s payout ratio is presently 26.25%.

Wall Street Analyst Weigh In

Several research firms have weighed in on V. Morgan Stanley set a $398.00 target price on Visa and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Robert W. Baird set a $425.00 target price on Visa in a report on Wednesday, October 29th. UBS Group set a $425.00 price target on Visa and gave the stock a “buy” rating in a report on Wednesday, October 29th. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Macquarie cut their target price on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $400.00.

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.