150 Shares in Visa Inc. $V Acquired by Anderson Financial Strategies LLC

Anderson Financial Strategies LLC purchased a new position in shares of Visa Inc. (NYSE:V) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 150 shares of the credit-card processor’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new position in shares of Visa in the 1st quarter valued at $26,000. von Borstel & Associates Inc. purchased a new position in Visa during the 1st quarter worth $27,000. 1 North Wealth Services LLC acquired a new position in Visa in the first quarter valued at $38,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa in the first quarter valued at about $54,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Visa in the first quarter valued at about $56,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group initiated coverage on Visa in a research report on Monday, June 2nd. They issued a “neutral” rating on the stock. Citigroup started coverage on Visa in a research note on Monday, June 2nd. They issued a “buy” rating on the stock. Macquarie upped their price target on Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a report on Thursday, July 17th. They set a “buy” rating and a $410.00 price target for the company. Finally, Jefferies Financial Group boosted their price objective on shares of Visa from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $385.96.

Visa Trading Down 1.6%

Shares of V stock opened at $338.50 on Thursday. The business’s fifty day moving average price is $347.72 and its 200 day moving average price is $347.07. The firm has a market capitalization of $620.40 billion, a PE ratio of 33.06, a P/E/G ratio of 2.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $268.23 and a 1-year high of $375.51.

Visa (NYSE:V) last issued its earnings results 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 analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.42 EPS. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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 was Tuesday, August 12th. Visa’s dividend payout ratio is presently 23.05%.

Visa Company 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.