Source Financial Advisors LLC Has $490,000 Stock Holdings in Visa Inc. (NYSE:V)

Source Financial Advisors LLC lowered its stake in Visa Inc. (NYSE:V) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,782 shares of the credit-card processor’s stock after selling 71 shares during the quarter. Source Financial Advisors LLC’s holdings in Visa were worth $490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. WFA Asset Management Corp grew its position in shares of Visa by 4.6% in the 1st quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after acquiring an additional 100 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in Visa by 46.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock valued at $14,046,000 after acquiring an additional 16,078 shares during the period. Empowered Funds LLC lifted its stake in shares of Visa by 16.0% during the 1st quarter. Empowered Funds LLC now owns 58,506 shares of the credit-card processor’s stock worth $16,328,000 after buying an additional 8,086 shares during the last quarter. Roof Eidam Maycock Peralta LLC grew its stake in Visa by 3.2% in the 1st quarter. Roof Eidam Maycock Peralta LLC now owns 9,731 shares of the credit-card processor’s stock valued at $2,716,000 after buying an additional 298 shares during the last quarter. Finally, Hilltop National Bank bought a new position in Visa in the 1st quarter valued at about $1,212,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and issued a $317.00 price target on shares of Visa in a research note on Thursday, September 12th. William Blair upgraded Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Bank of America raised their price objective on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Mizuho increased their target price on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Morgan Stanley boosted their price target on Visa from $322.00 to $326.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Visa Stock Up 0.7 %

Shares of V opened at $307.92 on Friday. The company has a market capitalization of $561.13 billion, a PE ratio of 31.65, a PEG ratio of 2.06 and a beta of 0.95. The stock’s 50-day moving average price is $283.95 and its two-hundred day moving average price is $274.67. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12 month low of $240.97 and a 12 month high of $311.15.

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

Visa Increases Dividend

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

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by corporate 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.