Visa Inc. (NYSE:V) Shares Bought by Passumpsic Savings Bank

Passumpsic Savings Bank grew its stake in shares of Visa Inc. (NYSE:V) by 2.0% in the 3rd quarter, Holdings Channel reports. The firm owned 9,137 shares of the credit-card processor’s stock after acquiring an additional 179 shares during the quarter. Visa comprises approximately 1.6% of Passumpsic Savings Bank’s holdings, making the stock its 27th biggest position. Passumpsic Savings Bank’s holdings in Visa were worth $2,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in V. Discipline Wealth Solutions LLC acquired a new stake in shares of Visa in the 3rd quarter worth about $364,000. Unigestion Holding SA grew its position in Visa by 21.6% in the 3rd quarter. Unigestion Holding SA now owns 240,371 shares of the credit-card processor’s stock worth $66,047,000 after purchasing an additional 42,685 shares during the last quarter. Second Line Capital LLC increased its stake in shares of Visa by 16.2% in the third quarter. Second Line Capital LLC now owns 10,679 shares of the credit-card processor’s stock valued at $2,936,000 after purchasing an additional 1,485 shares during the period. Hohimer Wealth Management LLC raised its holdings in shares of Visa by 3.2% during the third quarter. Hohimer Wealth Management LLC now owns 5,087 shares of the credit-card processor’s stock valued at $1,399,000 after buying an additional 156 shares during the last quarter. Finally, Soltis Investment Advisors LLC raised its holdings in shares of Visa by 800.8% during the third quarter. Soltis Investment Advisors LLC now owns 22,710 shares of the credit-card processor’s stock valued at $6,244,000 after buying an additional 20,189 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Macquarie raised their target price on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Compass Point initiated coverage on shares of Visa in a research note on Wednesday, September 4th. They set a “buy” rating and a $319.00 target price on the stock. Finally, BNP Paribas raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a research note on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $324.74.

Visa Trading Up 1.3 %

Shares of NYSE V opened at $312.38 on Wednesday. The stock has a market cap of $581.93 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 2.07 and a beta of 0.96. The business has a 50 day simple moving average of $296.38 and a 200 day simple moving average of $279.98. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $317.42.

Visa (NYSE:V) last announced 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 net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $2.33 EPS. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts predict that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s payout ratio is 24.25%.

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.