Oxbow Advisors LLC Buys 330 Shares of Visa Inc. (NYSE:V)

Oxbow Advisors LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 0.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 41,173 shares of the credit-card processor’s stock after acquiring an additional 330 shares during the period. Visa makes up 1.1% of Oxbow Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Oxbow Advisors LLC’s holdings in Visa were worth $11,321,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. POM Investment Strategies LLC increased its position in shares of Visa by 970.0% in the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after acquiring an additional 97 shares during the period. Reston Wealth Management LLC bought a new stake in Visa during the third quarter worth about $31,000. TruNorth Capital Management LLC boosted its stake in Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after acquiring an additional 89 shares in the last quarter. Bbjs Financial Advisors LLC bought a new stake in Visa during the second quarter worth about $35,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in shares of Visa in the second quarter worth approximately $35,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on V. Susquehanna increased their price objective on shares of Visa from $326.00 to $339.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer reissued an “outperform” rating and issued a $321.00 price objective (up from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Morgan Stanley upped their target price on shares of Visa from $322.00 to $326.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $321.74.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction 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 transaction, the chief executive officer now directly owns 538 shares in the company, 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.

Visa Stock Performance

Shares of Visa stock opened at $307.87 on Friday. The firm’s fifty day simple moving average is $283.95 and its 200-day simple moving average is $274.67. The stock has a market capitalization 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 12 month low of $240.97 and a 12 month 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 announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 54.96% and a return on equity of 53.16%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 EPS. As a group, equities analysts forecast that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. This is a positive change 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 21.38%.

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.