Compass Financial Management LLC Invests $973,000 in Visa Inc. $V

Compass Financial Management LLC acquired a new stake in shares of Visa Inc. (NYSE:V) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,745 shares of the credit-card processor’s stock, valued at approximately $973,000.

A number of other hedge funds also recently made changes to their positions in V. Cresta Advisors Ltd. bought a new position in Visa in the fourth quarter valued at $26,000. Parvin Asset Management LLC lifted its stake in Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Virtus Advisers LLC purchased a new position in shares of Visa in the 2nd quarter worth about $33,000. RHL Group LLC purchased a new position in shares of Visa in the 4th quarter worth about $34,000. Finally, Timmons Wealth Management LLC bought a new position in shares of Visa during the 4th quarter valued at about $34,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the sale, the general counsel owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. This represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the transaction, the insider owned 49,662 shares in the company, valued at $18,125,140.14. This represents a 53.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 90,759 shares of company stock worth $32,375,779. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Erste Group Bank raised Visa from a “hold” rating to a “buy” rating in a report on Monday, July 27th. Robert W. Baird upped their target price on Visa from $412.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating and set a $416.00 price target on shares of Visa in a research report on Wednesday, July 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $450.00 price target on shares of Visa in a research note on Tuesday, June 2nd. Finally, TD Cowen reissued a “buy” rating on shares of Visa in a research note on Wednesday, July 29th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Buy” and a consensus target price of $413.58.

Visa Stock Up 0.0%

V opened at $371.09 on Monday. The company has a market cap of $662.18 billion, a P/E ratio of 31.56, a P/E/G ratio of 1.99 and a beta of 0.74. The business’s 50-day moving average price is $353.73 and its 200-day moving average price is $329.61. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $373.97.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same period in the prior year, the business posted $2.98 EPS. Visa’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 13.16 EPS for the current year.

Visa announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a $0.67 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 annualized dividend and a yield of 0.7%. Visa’s payout ratio is presently 22.79%.

Visa Company Profile

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.