Visa Inc. (NYSE:V) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,520 shares of the credit-card processor’s stock after purchasing an additional 1,320 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Visa were worth $10,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WFA Asset Management Corp grew its position in Visa by 4.6% in the 1st quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after acquiring an additional 100 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its position in Visa by 46.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock valued at $14,046,000 after acquiring an additional 16,078 shares in the last quarter. Empowered Funds LLC grew its position in Visa by 16.0% in the 1st quarter. Empowered Funds LLC now owns 58,506 shares of the credit-card processor’s stock valued at $16,328,000 after acquiring an additional 8,086 shares in the last quarter. First National Bank of Hutchinson grew its position in Visa by 1.2% in the 1st quarter. First National Bank of Hutchinson now owns 4,829 shares of the credit-card processor’s stock valued at $1,348,000 after acquiring an additional 59 shares in the last quarter. Finally, Fortis Capital Advisors LLC grew its position in Visa by 11.7% in the 1st quarter. Fortis Capital Advisors LLC now owns 2,424 shares of the credit-card processor’s stock valued at $676,000 after acquiring an additional 254 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on V shares. The Goldman Sachs Group reissued a “buy” rating and set a $317.00 price objective on shares of Visa in a research report on Thursday, September 12th. Bank of America boosted their price target on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. raised their price objective on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada boosted their target price on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Macquarie raised their price target on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $321.74.

Visa Price Performance

Shares of V opened at $309.82 on Wednesday. Visa Inc. has a twelve month low of $244.11 and a twelve month high of $312.44. The stock’s 50 day moving average is $284.64 and its two-hundred day moving average is $274.92. The firm has a market capitalization of $564.59 billion, a PE ratio of 31.84, a P/E/G ratio of 2.08 and a beta of 0.95. 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 (NYSE:V) last announced its quarterly earnings data 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. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the company earned $2.33 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. 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%.

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.