Wealth Alliance Advisory Group LLC Raises Position in Visa Inc. (NYSE:V)

Wealth Alliance Advisory Group LLC raised its position in Visa Inc. (NYSE:V) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,938 shares of the credit-card processor’s stock after buying an additional 328 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Visa were worth $2,183,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Running Oak Capital LLC raised its holdings in Visa by 10.0% in the 1st quarter. Running Oak Capital LLC now owns 39,759 shares of the credit-card processor’s stock valued at $11,096,000 after acquiring an additional 3,607 shares during the last quarter. Sanders Morris Harris LLC increased its holdings in shares of Visa by 62.1% in the first quarter. Sanders Morris Harris LLC now owns 9,218 shares of the credit-card processor’s stock valued at $2,573,000 after purchasing an additional 3,533 shares during the last quarter. GSG Advisors LLC lifted its position in Visa by 7.3% during the first quarter. GSG Advisors LLC now owns 940 shares of the credit-card processor’s stock worth $260,000 after buying an additional 64 shares in the last quarter. FOCUS Wealth Advisors LLC boosted its stake in Visa by 6.4% during the first quarter. FOCUS Wealth Advisors LLC now owns 7,443 shares of the credit-card processor’s stock worth $2,077,000 after buying an additional 448 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC grew its holdings in Visa by 2.1% in the 1st quarter. Matthew Goff Investment Advisor LLC now owns 68,732 shares of the credit-card processor’s stock valued at $19,182,000 after buying an additional 1,445 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Visa Price Performance

V stock opened at $290.62 on Friday. The business’s 50-day moving average is $276.91 and its two-hundred day moving average is $272.91. 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 firm has a market capitalization of $531.53 billion, a P/E ratio of 32.47, a P/E/G ratio of 1.94 and a beta of 0.96. Visa Inc. has a 1 year low of $228.03 and a 1 year high of $293.07.

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, hitting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company 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 firm earned $2.16 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts anticipate that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio is presently 23.24%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on V shares. Royal Bank of Canada reduced their price target on Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. William Blair upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. TD Cowen dropped their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Jefferies Financial Group reduced their price target on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $314.19.

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.