Osborne Partners Capital Management LLC Acquires 1,666 Shares of Visa Inc. $V

Osborne Partners Capital Management LLC increased its stake in Visa Inc. (NYSE:VFree Report) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,217 shares of the credit-card processor’s stock after acquiring an additional 1,666 shares during the period. Osborne Partners Capital Management LLC’s holdings in Visa were worth $13,969,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Chapman Financial Group LLC lifted its stake in shares of Visa by 0.9% in the 3rd quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor’s stock valued at $1,096,000 after purchasing an additional 30 shares during the last quarter. Ransom Advisory Ltd increased its position in shares of Visa by 0.3% during the 4th quarter. Ransom Advisory Ltd now owns 9,447 shares of the credit-card processor’s stock valued at $3,313,000 after purchasing an additional 30 shares during the last quarter. Bank OZK raised its holdings in Visa by 3.7% during the 3rd quarter. Bank OZK now owns 858 shares of the credit-card processor’s stock valued at $293,000 after buying an additional 31 shares during the period. FOCUS Wealth Advisors LLC raised its holdings in Visa by 0.4% during the 4th quarter. FOCUS Wealth Advisors LLC now owns 7,710 shares of the credit-card processor’s stock valued at $2,704,000 after buying an additional 31 shares during the period. Finally, Planned Solutions Inc. lifted its position in Visa by 2.0% in the fourth quarter. Planned Solutions Inc. now owns 1,598 shares of the credit-card processor’s stock worth $560,000 after buying an additional 31 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Shares of V stock opened at $361.31 on Friday. The company has a market capitalization of $648.10 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.93 and a beta of 0.75. The company’s 50-day simple moving average is $327.17 and its two-hundred day simple moving average is $324.90. Visa Inc. has a one year low of $293.89 and a one year high of $362.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.21. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.76 earnings per share. As a group, equities analysts anticipate that Visa Inc. will post 13.1 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is presently 23.34%.

Visa declared that its Board of Directors has initiated a stock buyback 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 repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $389.00 price objective on shares of Visa in a research note on Wednesday, April 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 target price on shares of Visa in a research note on Wednesday, April 29th. Oppenheimer restated an “outperform” rating and issued a $403.00 target price (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. BMO Capital Markets started coverage on shares of Visa in a research note on Tuesday, April 21st. They set an “outperform” rating and a $365.00 price target for the company. Finally, Citigroup reduced their price objective on shares of Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Seven analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $397.96.

Check Out Our Latest Stock Analysis on Visa

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Insiders Place Their Bets

In other Visa news, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. The trade was a 51.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 10,490 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $343.99, for a total value of $3,608,455.10. Following the completion of the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,219,704.26. This represents a 40.87% 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 ninety days, insiders have sold 73,554 shares of company stock valued at $24,898,255. 0.12% of the stock is currently owned by corporate insiders.

Visa Company 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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