Visa Inc. $V Shares Acquired by Nordwand Advisors LLC

Nordwand Advisors LLC increased its stake in shares of Visa Inc. (NYSE:VFree Report) by 66.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,402 shares of the credit-card processor’s stock after buying an additional 2,966 shares during the quarter. Nordwand Advisors LLC’s holdings in Visa were worth $2,527,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new stake in shares of Visa in the 2nd quarter worth about $29,000. Sagard Holdings Management Inc. acquired a new position in Visa during the 2nd quarter valued at about $31,000. Bare Financial Services Inc grew its position in Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 66 shares during the last quarter. Cranbrook Wealth Management LLC increased its stake in shares of Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares during the period. Finally, Hoese & Co LLP acquired a new stake in shares of Visa in the second quarter valued at approximately $36,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on V shares. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Hsbc Global Res raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Citigroup upgraded Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Morgan Stanley set a $398.00 price target on Visa and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Evercore ISI set a $380.00 price objective on shares of Visa in a research note on Friday, December 12th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Visa has an average rating of “Buy” and an average target price of $401.52.

Check Out Our Latest Report on Visa

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the sale, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 24,042 shares of company stock valued at $8,247,289. 0.12% of the stock is owned by insiders.

Visa News Summary

Here are the key news stories impacting Visa this week:

Visa Stock Performance

Shares of NYSE V opened at $325.83 on Wednesday. The stock has a fifty day moving average price of $339.03 and a two-hundred day moving average price of $342.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $593.57 billion, a P/E ratio of 31.91, a PEG ratio of 1.93 and a beta of 0.81. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.71 EPS. Research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 26.25%.

Visa Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading

Institutional Ownership by Quarter for Visa (NYSE:V)

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