GM Advisory Group LLC Acquires 2,894 Shares of Visa Inc. $V

GM Advisory Group LLC raised its stake in shares of Visa Inc. (NYSE:V) by 22.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,686 shares of the credit-card processor’s stock after purchasing an additional 2,894 shares during the quarter. GM Advisory Group LLC’s holdings in Visa were worth $5,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BankPlus Wealth Management LLC increased its holdings in Visa by 0.9% during the 2nd quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor’s stock valued at $1,185,000 after purchasing an additional 29 shares in the last quarter. Transcendent Capital Group LLC raised its position in Visa by 2.9% in the 2nd quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor’s stock worth $360,000 after purchasing an additional 29 shares during the last quarter. Interchange Capital Partners LLC boosted its position in Visa by 0.5% in the 2nd 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 during the last quarter. Menard Financial Group LLC increased its stake in shares of Visa by 0.5% in the 1st quarter. Menard Financial Group LLC now owns 6,264 shares of the credit-card processor’s stock valued at $2,178,000 after buying an additional 31 shares during the period. Finally, Academy Capital Management raised its position in shares of Visa by 3.7% during the first quarter. Academy Capital Management now owns 860 shares of the credit-card processor’s stock worth $301,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of several recent research reports. Morgan Stanley set a $398.00 price target on Visa and gave the company an “overweight” rating in a report on Wednesday, October 29th. UBS Group set a $425.00 price objective on shares of Visa and gave the company a “buy” rating in a report on Wednesday, October 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $408.00 target price (up previously from $398.00) on shares of Visa in a report on Wednesday, October 29th. Erste Group Bank cut Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Citigroup raised Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Visa Stock Down 0.1%

V stock opened at $334.10 on Thursday. The business’s 50 day simple moving average is $339.91 and its 200 day simple moving average is $347.52. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The firm has a market capitalization of $608.65 billion, a PE ratio of 32.72, a PEG ratio of 1.98 and a beta of 0.87. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.71 earnings per share. As a group, 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 given 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 dividend payout ratio (DPR) is currently 26.25%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider directly owned 26,413 shares in the company, valued at $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 24,042 shares of company stock worth $8,175,152. Company insiders own 0.13% of the company’s stock.

Visa 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.