Greenspring Advisors LLC Has $1.81 Million Stock Holdings in Visa Inc. $V

Greenspring Advisors LLC boosted its position in shares of Visa Inc. (NYSE:VFree Report) by 38.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,265 shares of the credit-card processor’s stock after acquiring an additional 1,464 shares during the period. Greenspring Advisors LLC’s holdings in Visa were worth $1,806,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Virtus Advisers LLC bought a new stake in shares of Visa in the 2nd quarter worth approximately $33,000. Silvant Capital Management LLC increased its position in shares of Visa by 1.6% during the second quarter. Silvant Capital Management LLC now owns 275,048 shares of the credit-card processor’s stock valued at $94,366,000 after purchasing an additional 4,221 shares during the period. Impax Asset Management Group plc increased its position in shares of Visa by 21.2% during the second quarter. Impax Asset Management Group plc now owns 65,587 shares of the credit-card processor’s stock valued at $22,502,000 after purchasing an additional 11,451 shares during the period. LaSalle St. Investment Advisors LLC raised its stake in shares of Visa by 4.1% in the second quarter. LaSalle St. Investment Advisors LLC now owns 7,001 shares of the credit-card processor’s stock valued at $2,402,000 after purchasing an additional 276 shares in the last quarter. Finally, Advisors Preferred LLC raised its stake in shares of Visa by 74.9% in the second quarter. Advisors Preferred LLC now owns 9,969 shares of the credit-card processor’s stock valued at $3,610,000 after purchasing an additional 4,269 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Up 0.2%

Shares of NYSE:V opened at $366.31 on Friday. The company’s fifty day moving average is $352.75 and its 200-day moving average is $329.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $373.97. The company has a market capitalization of $653.65 billion, a PE ratio of 31.15, a P/E/G ratio of 1.96 and a beta of 0.74.

Visa (NYSE:VGet Free Report) last announced its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The business had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same quarter last year, the company posted $2.98 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts predict that Visa Inc. will post 13.16 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is presently 22.79%.

Visa announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent research reports. Erste Group Bank upgraded shares of Visa from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. UBS Group restated a “buy” rating and issued a $420.00 price objective (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Evercore set a $350.00 price objective on shares of Visa in a report on Wednesday, April 29th. BNP Paribas Exane upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Raymond James Financial reiterated an “outperform” rating and set a $406.00 target price on shares of Visa in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the stock. According to data from MarketBeat.com, Visa has an average rating of “Buy” and an average price target of $413.58.

View Our Latest Report on V

Insider Activity

In other news, insider Tullier Kelly Mahon sold 57,272 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total value of $20,902,561.84. Following the transaction, the insider directly owned 49,662 shares of the company’s stock, valued at $18,125,140.14. The trade was a 53.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at $6,625,440. The trade was a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 90,759 shares of company stock worth $32,375,779. Insiders own 0.12% of the company’s stock.

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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