HB Wealth Management LLC Grows Holdings in Visa Inc. (NYSE:V)

HB Wealth Management LLC increased its stake in Visa Inc. (NYSE:V) by 12.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,154 shares of the credit-card processor’s stock after buying an additional 9,756 shares during the period. HB Wealth Management LLC’s holdings in Visa were worth $23,925,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in V. GUNN & Co INVESTMENT MANAGEMENT INC. grew its position in shares of Visa by 1,215.7% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,786 shares of the credit-card processor’s stock worth $43,943,000 after acquiring an additional 155,957 shares in the last quarter. Brio Consultants LLC boosted its holdings in Visa by 39.1% in the fourth quarter. Brio Consultants LLC now owns 1,555 shares of the credit-card processor’s stock worth $405,000 after purchasing an additional 437 shares during the period. Silver Oak Securities Incorporated boosted its holdings in Visa by 36.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 5,140 shares of the credit-card processor’s stock worth $1,338,000 after purchasing an additional 1,374 shares during the period. Blue Chip Partners LLC increased its stake in Visa by 2.4% during the fourth quarter. Blue Chip Partners LLC now owns 88,114 shares of the credit-card processor’s stock valued at $22,940,000 after purchasing an additional 2,084 shares during the last quarter. Finally, Gilbert & Cook Inc. raised its holdings in shares of Visa by 2.9% during the fourth quarter. Gilbert & Cook Inc. now owns 5,629 shares of the credit-card processor’s stock worth $1,466,000 after purchasing an additional 158 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Bank of America reaffirmed a “neutral” rating and issued a $297.00 price target (down from $305.00) on shares of Visa in a report on Wednesday, July 10th. Jefferies Financial Group decreased their target price on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price objective on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $308.50.

Visa Price Performance

V traded up $3.92 during trading on Thursday, reaching $273.11. The stock had a trading volume of 752,954 shares, compared to its average volume of 7,111,006. The stock has a 50 day moving average of $265.81 and a two-hundred day moving average of $273.14. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $497.69 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter last year, the business posted $2.16 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts anticipate that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a $0.52 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio is currently 23.24%.

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.