Visa Inc. (NYSE:V) Shares Acquired by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. boosted its holdings in Visa Inc. (NYSE:V) by 5.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 831 shares of the credit-card processor’s stock after acquiring an additional 45 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in Visa were worth $228,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vinva Investment Management Ltd lifted its holdings in shares of Visa by 14.7% in the 3rd quarter. Vinva Investment Management Ltd now owns 74,940 shares of the credit-card processor’s stock worth $20,621,000 after acquiring an additional 9,588 shares during the last quarter. Financial Counselors Inc. raised its position in Visa by 3.7% in the third quarter. Financial Counselors Inc. now owns 235,941 shares of the credit-card processor’s stock valued at $64,872,000 after purchasing an additional 8,474 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Visa by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,597,969 shares of the credit-card processor’s stock worth $3,188,862,000 after purchasing an additional 123,927 shares in the last quarter. Noesis Capital Mangement Corp boosted its position in shares of Visa by 76.7% during the third quarter. Noesis Capital Mangement Corp now owns 52,645 shares of the credit-card processor’s stock worth $14,475,000 after buying an additional 22,853 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of Visa by 5.0% in the third quarter. Public Sector Pension Investment Board now owns 545,739 shares of the credit-card processor’s stock valued at $150,051,000 after buying an additional 25,800 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

Shares of Visa stock opened at $314.65 on Thursday. The firm’s fifty day simple moving average is $290.89 and its 200-day simple moving average is $278.06. Visa Inc. has a 12 month low of $251.61 and a 12 month high of $316.37. The stock has a market capitalization of $586.15 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio is 24.25%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on V. JPMorgan Chase & Co. raised their target price on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Barclays lifted their price objective on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Citigroup upped their price objective on Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $321.00 target price (up from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 94.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.19% 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.