Oxbow Advisors LLC Reduces Position in Visa Inc. (NYSE:V)

Oxbow Advisors LLC lowered its holdings in Visa Inc. (NYSE:V) by 1.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,843 shares of the credit-card processor’s stock after selling 551 shares during the period. Visa comprises 1.3% of Oxbow Advisors LLC’s portfolio, making the stock its 18th largest position. Oxbow Advisors LLC’s holdings in Visa were worth $10,720,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brio Consultants LLC increased 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 valued at $405,000 after buying an additional 437 shares during the last quarter. Gilbert & Cook Inc. increased its holdings in shares of Visa by 2.9% in the 4th quarter. Gilbert & Cook Inc. now owns 5,629 shares of the credit-card processor’s stock valued at $1,466,000 after acquiring an additional 158 shares during the last quarter. Aveo Capital Partners LLC increased its holdings in shares of Visa by 9.2% in the 4th quarter. Aveo Capital Partners LLC now owns 2,802 shares of the credit-card processor’s stock valued at $730,000 after acquiring an additional 235 shares during the last quarter. 9258 Wealth Management LLC raised its position in shares of Visa by 20.8% during the 4th quarter. 9258 Wealth Management LLC now owns 8,043 shares of the credit-card processor’s stock valued at $2,094,000 after acquiring an additional 1,387 shares in the last quarter. Finally, Gryphon Financial Partners LLC lifted its stake in Visa by 53.8% during the fourth quarter. Gryphon Financial Partners LLC now owns 13,640 shares of the credit-card processor’s stock worth $3,282,000 after purchasing an additional 4,774 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Bank of America reiterated a “neutral” rating and set a $297.00 target price (down previously from $305.00) on shares of Visa in a research note on Wednesday, July 10th. Evercore ISI dropped their target price on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. William Blair upgraded Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. TD Cowen lowered their target price on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Compass Point started coverage on Visa in a report on Wednesday. They issued a “buy” rating and a $319.00 price target on the stock. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $309.54.

Visa Price Performance

Shares of Visa stock traded up $0.75 on Friday, hitting $279.37. The company had a trading volume of 7,187,805 shares, compared to its average volume of 7,125,969. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $509.10 billion, a PE ratio of 31.23, a PEG ratio of 1.98 and a beta of 0.96. The business has a 50-day simple moving average of $266.53 and a 200-day simple moving average of $273.14.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. During the same period last year, the company posted $2.16 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Research analysts expect that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, August 9th. Visa’s payout ratio is currently 23.24%.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

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.