Souders Financial Advisors Has $6.05 Million Stock Holdings in Visa Inc. (NYSE:V)

Souders Financial Advisors boosted its stake in Visa Inc. (NYSE:V) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,985 shares of the credit-card processor’s stock after purchasing an additional 391 shares during the quarter. Souders Financial Advisors’ holdings in Visa were worth $6,045,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Haverford Trust Co increased its position in shares of Visa by 1.8% during the third quarter. Haverford Trust Co now owns 84,804 shares of the credit-card processor’s stock worth $23,317,000 after acquiring an additional 1,505 shares in the last quarter. Empower Advisory Group LLC lifted its holdings in shares of Visa by 9.3% in the third quarter. Empower Advisory Group LLC now owns 18,337 shares of the credit-card processor’s stock valued at $5,042,000 after purchasing an additional 1,560 shares in the last quarter. Paulson Wealth Management Inc. lifted its holdings in shares of Visa by 4.4% in the third quarter. Paulson Wealth Management Inc. now owns 4,605 shares of the credit-card processor’s stock valued at $1,266,000 after purchasing an additional 195 shares in the last quarter. Dillon & Associates Inc. lifted its holdings in shares of Visa by 0.6% in the third quarter. Dillon & Associates Inc. now owns 117,716 shares of the credit-card processor’s stock valued at $32,372,000 after purchasing an additional 719 shares in the last quarter. Finally, Carrera Capital Advisors lifted its holdings in shares of Visa by 9.4% in the third quarter. Carrera Capital Advisors now owns 1,470 shares of the credit-card processor’s stock valued at $404,000 after purchasing an additional 126 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on V shares. BMO Capital Markets lifted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Susquehanna lifted 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. JPMorgan Chase & Co. lifted their price target on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Jefferies Financial Group lifted their price target on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Piper Sandler lifted their price target on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $321.74.

Visa Trading Down 0.2 %

NYSE V opened at $309.82 on Wednesday. Visa Inc. has a 1-year low of $244.11 and a 1-year high of $312.44. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average of $285.26 and a 200-day moving average of $275.17. The firm has a market cap of $564.59 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.08 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during 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%. Visa’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 EPS. As a group, sell-side analysts forecast that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s dividend payout ratio is 21.38%.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’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 value of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.

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.