Wilkinson Global Asset Management LLC Has $44.88 Million Stake in Visa Inc. (NYSE:V)

Wilkinson Global Asset Management LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,221 shares of the credit-card processor’s stock after selling 3,742 shares during the period. Visa makes up 2.7% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 17th biggest position. Wilkinson Global Asset Management LLC’s holdings in Visa were worth $44,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of V. Cozad Asset Management Inc. boosted its stake in Visa by 3.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 5,432 shares of the credit-card processor’s stock worth $1,494,000 after acquiring an additional 160 shares during the last quarter. Bridgewater Advisors Inc. raised its holdings in Visa by 1.6% in the third quarter. Bridgewater Advisors Inc. now owns 20,005 shares of the credit-card processor’s stock worth $5,639,000 after purchasing an additional 313 shares during the period. Walkner Condon Financial Advisors LLC boosted its position in shares of Visa by 5.9% during the third quarter. Walkner Condon Financial Advisors LLC now owns 1,375 shares of the credit-card processor’s stock worth $378,000 after purchasing an additional 77 shares in the last quarter. Advisor Resource Council bought a new stake in shares of Visa in the 3rd quarter valued at $1,127,000. Finally, Graypoint LLC raised its stake in Visa by 0.8% during the 3rd quarter. Graypoint LLC now owns 18,002 shares of the credit-card processor’s stock worth $4,950,000 after buying an additional 149 shares during the period. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on V. Susquehanna increased their price target on Visa from $326.00 to $339.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. BMO Capital Markets upped their price target on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, TD Cowen upped their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $321.74.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Visa Price Performance

Shares of NYSE V opened at $305.76 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average price is $282.69 and its two-hundred day moving average price is $274.20. The company has a market cap of $557.19 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 2.06 and a beta of 0.95. Visa Inc. has a twelve month low of $240.97 and a twelve month high of $309.00.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the firm earned $2.33 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Visa Inc. will post 11.18 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is presently 21.38%.

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.