WoodTrust Financial Corp Has $1.97 Million Position in Visa Inc. $V

WoodTrust Financial Corp lifted its stake in Visa Inc. (NYSE:V) by 58.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,541 shares of the credit-card processor’s stock after purchasing an additional 2,050 shares during the period. WoodTrust Financial Corp’s holdings in Visa were worth $1,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Winthrop Advisory Group LLC boosted its stake in Visa by 10.0% in the second quarter. Winthrop Advisory Group LLC now owns 9,915 shares of the credit-card processor’s stock valued at $3,520,000 after acquiring an additional 900 shares during the last quarter. Raub Brock Capital Management LP bought a new position in Visa in the second quarter valued at approximately $12,906,000. Arcataur Capital Management LLC boosted its stake in Visa by 1.8% in the second quarter. Arcataur Capital Management LLC now owns 2,963 shares of the credit-card processor’s stock valued at $1,052,000 after acquiring an additional 52 shares during the last quarter. Kidder Stephen W boosted its stake in Visa by 4.9% in the second quarter. Kidder Stephen W now owns 1,093 shares of the credit-card processor’s stock valued at $388,000 after acquiring an additional 51 shares during the last quarter. Finally, Secured Retirement Advisors LLC boosted its stake in Visa by 8.4% in the second quarter. Secured Retirement Advisors LLC now owns 4,705 shares of the credit-card processor’s stock valued at $1,670,000 after acquiring an additional 364 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $183,815.10. The trade was a 95.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on V. Macquarie raised their price objective on shares of Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Barclays reaffirmed an “overweight” rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a research note on Wednesday. Truist Financial reduced their price target on shares of Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Finally, Morgan Stanley lifted their price target on shares of Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $389.00.

Visa Trading Down 1.0%

Shares of NYSE V opened at $343.63 on Friday. The company’s fifty day moving average is $343.77 and its 200-day moving average is $346.99. The stock has a market cap of $629.79 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 2.04 and a beta of 0.90. Visa Inc. has a twelve month low of $275.37 and a twelve month 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 posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. The business had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.42 EPS. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa’s payout ratio is 23.05%.

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.