Visa Inc. (NYSE:V) Shares Purchased by Donald L. Hagan LLC

Donald L. Hagan LLC raised its holdings in Visa Inc. (NYSE:V) by 32.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,366 shares of the credit-card processor’s stock after purchasing an additional 332 shares during the quarter. Donald L. Hagan LLC’s holdings in Visa were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Maia Wealth LLC boosted its stake in shares of Visa by 11.5% during the 3rd quarter. Maia Wealth LLC now owns 9,109 shares of the credit-card processor’s stock worth $2,580,000 after acquiring an additional 943 shares in the last quarter. Umpqua Bank grew its holdings in Visa by 2.2% in the third quarter. Umpqua Bank now owns 9,610 shares of the credit-card processor’s stock valued at $2,642,000 after purchasing an additional 208 shares during the last quarter. Foster & Motley Inc. increased its position in shares of Visa by 81.3% in the third quarter. Foster & Motley Inc. now owns 10,301 shares of the credit-card processor’s stock valued at $2,832,000 after buying an additional 4,620 shares in the last quarter. Harvest Portfolios Group Inc. raised its stake in shares of Visa by 4.7% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 69,056 shares of the credit-card processor’s stock worth $18,987,000 after buying an additional 3,071 shares during the last quarter. Finally, Radnor Capital Management LLC boosted its position in shares of Visa by 11.1% in the 3rd quarter. Radnor Capital Management LLC now owns 11,120 shares of the credit-card processor’s stock worth $3,057,000 after buying an additional 1,115 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 4.8 %

Shares of NYSE V opened at $307.36 on Thursday. The stock has a fifty day moving average price of $282.69 and a 200 day moving average price of $274.20. 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 $309.00. The company has a market cap of $560.11 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.96 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 earnings per share 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 net margin of 54.96% and a return on equity of 53.16%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $2.33 EPS. Research analysts anticipate that Visa Inc. will post 11.18 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio is currently 21.38%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Mizuho upped their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Compass Point assumed coverage on Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price target for the company. Citigroup boosted their price target on Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective for the company in a research report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $321.74.

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.