Talbot Financial LLC Acquires 2,334 Shares of Visa Inc. $V

Talbot Financial LLC raised its holdings in Visa Inc. (NYSE:V) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,181 shares of the credit-card processor’s stock after acquiring an additional 2,334 shares during the quarter. Visa makes up 1.9% of Talbot Financial LLC’s holdings, making the stock its 14th largest holding. Talbot Financial LLC’s holdings in Visa were worth $22,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. First County Bank CT lifted its position in shares of Visa by 1.7% during the third quarter. First County Bank CT now owns 3,091 shares of the credit-card processor’s stock worth $1,055,000 after purchasing an additional 51 shares during the last quarter. Marshall Financial Group LLC lifted its holdings in Visa by 0.9% during the 3rd quarter. Marshall Financial Group LLC now owns 10,610 shares of the credit-card processor’s stock valued at $3,622,000 after buying an additional 96 shares in the last quarter. FCG Investment Co boosted its position in Visa by 9.0% in the 3rd quarter. FCG Investment Co now owns 8,713 shares of the credit-card processor’s stock valued at $2,974,000 after buying an additional 721 shares during the period. Teamwork Financial Advisors LLC grew its stake in Visa by 4.0% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 6,957 shares of the credit-card processor’s stock worth $2,376,000 after acquiring an additional 270 shares in the last quarter. Finally, Osprey Private Wealth LLC grew its stake in Visa by 33.7% in the 3rd quarter. Osprey Private Wealth LLC now owns 36,535 shares of the credit-card processor’s stock worth $12,472,000 after acquiring an additional 9,215 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $408.00 price target (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 target price on Visa in a research report on Wednesday, October 29th. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Erste Group Bank lowered Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Macquarie dropped their target price on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $402.52.

Visa Stock Up 1.0%

NYSE:V opened at $349.45 on Friday. The company’s 50-day simple moving average is $337.48 and its 200-day simple moving average is $344.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51. The stock has a market capitalization of $636.61 billion, a P/E ratio of 34.23, a P/E/G ratio of 2.04 and a beta of 0.82.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The company had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the company posted $2.71 earnings per share. Visa’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 11.3 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 1st. Shareholders of record on Wednesday, November 12th were issued a $0.67 dividend. This is a boost from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. Visa’s dividend payout ratio is 26.25%.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the sale, the insider owned 26,413 shares in the company, valued at approximately $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 900 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the transaction, the director directly owned 2,468 shares of the company’s stock, valued at $830,432.64. The trade was a 26.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 24,042 shares of company stock worth $8,175,152. Insiders own 0.12% of the company’s stock.

Visa 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.