Counterweight Ventures LLC Boosts Stake in Visa Inc. (NYSE:V)

Counterweight Ventures LLC lifted its holdings in Visa Inc. (NYSE:V) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,542 shares of the credit-card processor’s stock after buying an additional 235 shares during the quarter. Visa accounts for 2.3% of Counterweight Ventures LLC’s portfolio, making the stock its 16th biggest holding. Counterweight Ventures LLC’s holdings in Visa were worth $3,029,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of V. Hilltop National Bank acquired a new position in Visa during the first quarter worth $1,212,000. Absolute Capital Management LLC acquired a new position in Visa during the first quarter worth $404,000. SageView Advisory Group LLC raised its holdings in Visa by 40.4% during the fourth quarter. SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s stock worth $6,967,000 after purchasing an additional 7,236 shares during the last quarter. Davidson Capital Management Inc. raised its holdings in Visa by 0.5% during the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock worth $2,588,000 after purchasing an additional 44 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in Visa by 4.4% during the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock worth $12,761,000 after purchasing an additional 1,914 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

V stock opened at $279.37 on Friday. The stock has a 50-day moving average price of $266.53 and a two-hundred day moving average price of $273.13. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The company has a market cap of $510.95 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96.

Visa (NYSE:V) last posted 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 the consensus estimate of $8.92 billion. During the same quarter in the previous year, the business earned $2.16 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, research analysts predict that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

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

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on V. Morgan Stanley reduced their price objective on Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Piper Sandler cut their price target on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Bank of America reissued 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. Finally, Citigroup cut their price target on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Six equities 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, Visa has an average rating of “Moderate Buy” and a consensus target price of $309.54.

Visa 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.