Visa Inc. $V Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 19.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,106 shares of the credit-card processor’s stock after purchasing an additional 7,442 shares during the period. Visa makes up 0.6% of Quadrant Capital Group LLC’s portfolio, making the stock its 22nd biggest holding. Quadrant Capital Group LLC’s holdings in Visa were worth $16,015,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in V. Keystone Global Partners LLC purchased a new stake in shares of Visa during the first quarter valued at $26,000. Family Legacy Financial Solutions LLC purchased a new position in Visa in the 2nd quarter worth about $28,000. Harbor Asset Planning Inc. acquired a new stake in Visa during the 2nd quarter worth about $29,000. Cranbrook Wealth Management LLC lifted its stake in Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 41 shares in the last quarter. Finally, Hoese & Co LLP purchased a new stake in Visa during the second quarter valued at about $36,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on V. Raymond James Financial restated an “outperform” rating and issued a $408.00 price target (up previously from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Macquarie lowered their price target on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 target price on shares of Visa in a research report on Wednesday, October 29th. KeyCorp reissued an “overweight” rating and set a $405.00 price objective on shares of Visa in a research report on Wednesday, October 22nd. Finally, Morgan Stanley set a $398.00 price target on shares of Visa and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $400.00.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,117. The trade was a 95.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the sale, the director owned 2,468 shares in the company, valued at $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,042 shares of company stock valued at $8,175,152 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Down 0.1%

Shares of V opened at $334.10 on Thursday. The business’s fifty day moving average price is $339.91 and its two-hundred day moving average price is $347.52. The firm has a market capitalization of $608.65 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.98 and a beta of 0.87. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. 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 (NYSE:V) last announced its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The firm had revenue of $10.72 billion during the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The company’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the company earned $2.71 earnings per share. On average, analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. 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%. Visa’s payout ratio is currently 26.25%.

About Visa

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.