Arlington Partners LLC Grows Stock Holdings in Visa Inc. (NYSE:V)

Arlington Partners LLC increased its position in Visa Inc. (NYSE:V) by 26.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,421 shares of the credit-card processor’s stock after buying an additional 2,991 shares during the period. Arlington Partners LLC’s holdings in Visa were worth $3,965,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of V. Trilogy Capital Inc. grew its holdings in Visa by 1.3% during the 3rd quarter. Trilogy Capital Inc. now owns 3,213 shares of the credit-card processor’s stock valued at $883,000 after buying an additional 40 shares in the last quarter. Sterling Investment Management LLC boosted its position in shares of Visa by 40.5% during the third quarter. Sterling Investment Management LLC now owns 11,338 shares of the credit-card processor’s stock worth $3,117,000 after acquiring an additional 3,270 shares during the last quarter. Barden Capital Management Inc. grew its stake in Visa by 4.3% during the third quarter. Barden Capital Management Inc. now owns 7,001 shares of the credit-card processor’s stock valued at $1,925,000 after acquiring an additional 290 shares in the last quarter. Violich Capital Management Inc. increased its holdings in Visa by 1.6% in the 3rd quarter. Violich Capital Management Inc. now owns 147,804 shares of the credit-card processor’s stock valued at $40,639,000 after acquiring an additional 2,260 shares during the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in Visa by 1.8% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 8,362 shares of the credit-card processor’s stock worth $2,299,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Down 1.1 %

V traded down $3.29 on Monday, reaching $287.33. 1,237,192 shares of the company traded hands, compared to its average volume of 7,088,819. The company has a market cap of $525.51 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a one year low of $228.03 and a one year high of $293.07. The firm has a fifty day simple moving average of $276.91 and a two-hundred day simple moving average of $272.88.

Visa (NYSE:V) last announced 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. The firm had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on V shares. Piper Sandler cut their price objective on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Macquarie reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Visa in a research note on Friday, September 27th. William Blair upgraded Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Finally, Evercore ISI decreased their price target on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Four 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $314.19.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 approximately $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is currently owned by corporate insiders.

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.