Soltis Investment Advisors LLC Has $6.24 Million Stock Holdings in Visa Inc. (NYSE:V)

Soltis Investment Advisors LLC grew its position in Visa Inc. (NYSE:V) by 800.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 22,710 shares of the credit-card processor’s stock after buying an additional 20,189 shares during the period. Soltis Investment Advisors LLC’s holdings in Visa were worth $6,244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hobbs Group Advisors LLC grew its stake in shares of Visa by 7.5% during the third quarter. Hobbs Group Advisors LLC now owns 761 shares of the credit-card processor’s stock worth $209,000 after purchasing an additional 53 shares during the period. Arete Wealth Advisors LLC acquired a new position in shares of Visa during the 3rd quarter worth about $5,156,000. Toronto Dominion Bank grew its position in shares of Visa by 5.6% during the 3rd quarter. Toronto Dominion Bank now owns 591,175 shares of the credit-card processor’s stock worth $162,544,000 after buying an additional 31,245 shares during the period. Brown Financial Advisors increased its stake in shares of Visa by 10.8% in the 3rd quarter. Brown Financial Advisors now owns 5,677 shares of the credit-card processor’s stock valued at $1,561,000 after acquiring an additional 554 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its position in shares of Visa by 12.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 56,462 shares of the credit-card processor’s stock valued at $15,725,000 after acquiring an additional 6,314 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on V shares. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Susquehanna increased their price target on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a report on Wednesday. BMO Capital Markets raised their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Macquarie raised their price objective on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $324.74.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Visa Stock Up 1.3 %

Visa stock opened at $312.38 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The company’s 50-day moving average is $296.38 and its 200-day moving average is $279.98. The firm has a market capitalization of $581.93 billion, a PE ratio of 32.10, a P/E/G ratio of 2.07 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $317.42.

Visa (NYSE:V) last announced its quarterly 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 firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the business earned $2.33 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is 24.25%.

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.