Houlihan Financial Resource Group Ltd. Sells 191 Shares of Visa Inc. (NYSE:V)

Houlihan Financial Resource Group Ltd. cut its position in shares of Visa Inc. (NYSE:V) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,812 shares of the credit-card processor’s stock after selling 191 shares during the quarter. Visa makes up about 1.3% of Houlihan Financial Resource Group Ltd.’s investment portfolio, making the stock its 28th largest position. Houlihan Financial Resource Group Ltd.’s holdings in Visa were worth $3,248,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of V. Covestor Ltd raised its position in Visa by 4.6% in the 3rd quarter. Covestor Ltd now owns 1,220 shares of the credit-card processor’s stock worth $336,000 after purchasing an additional 54 shares during the period. Troy Asset Management Ltd lifted its stake in shares of Visa by 2.7% in the 3rd quarter. Troy Asset Management Ltd now owns 1,613,006 shares of the credit-card processor’s stock valued at $443,496,000 after acquiring an additional 42,987 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in Visa by 215.4% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 59,774 shares of the credit-card processor’s stock valued at $16,439,000 after acquiring an additional 40,824 shares during the period. Carr Financial Group Corp grew its position in Visa by 3.2% during the 3rd quarter. Carr Financial Group Corp now owns 1,656 shares of the credit-card processor’s stock worth $455,000 after acquiring an additional 51 shares during the last quarter. Finally, GSG Advisors LLC increased its stake in Visa by 10.2% in the 3rd quarter. GSG Advisors LLC now owns 1,035 shares of the credit-card processor’s stock worth $287,000 after purchasing an additional 96 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 in the company, valued at $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of Visa stock opened at $307.87 on Friday. The firm’s 50-day moving average is $283.95 and its 200 day moving average is $274.67. The stock has a market cap of $561.03 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.06 and a beta of 0.95. Visa Inc. has a 1 year low of $240.97 and a 1 year high of $311.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 EPS. Sell-side analysts anticipate that Visa Inc. will post 11.18 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed 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. This represents a $2.36 annualized dividend and a yield of 0.77%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 21.38%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on V shares. Susquehanna raised their target price on shares of Visa from $326.00 to $339.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Piper Sandler boosted their price objective on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft upped their price target on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $321.00 target price (up from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Four equities 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $321.74.

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.