Infusive Asset Management Inc. Has $10.21 Million Stock Position in Visa Inc. (NYSE:V)

Infusive Asset Management Inc. increased its holdings in shares of Visa Inc. (NYSE:V) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,119 shares of the credit-card processor’s stock after buying an additional 2,652 shares during the quarter. Visa accounts for approximately 4.2% of Infusive Asset Management Inc.’s holdings, making the stock its 7th largest holding. Infusive Asset Management Inc.’s holdings in Visa were worth $10,206,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of V. Clear Rock Advisors LLC increased its position in Visa by 1.4% during the first quarter. Clear Rock Advisors LLC now owns 12,608 shares of the credit-card processor’s stock worth $3,519,000 after acquiring an additional 176 shares during the period. EverSource Wealth Advisors LLC grew its position in Visa by 0.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 12,346 shares of the credit-card processor’s stock worth $3,316,000 after acquiring an additional 67 shares during the last quarter. OMC Financial Services LTD acquired a new position in shares of Visa in the first quarter valued at approximately $15,664,000. Jackson Wealth Management LLC raised its stake in shares of Visa by 9.2% during the first quarter. Jackson Wealth Management LLC now owns 14,166 shares of the credit-card processor’s stock valued at $3,953,000 after acquiring an additional 1,196 shares during the last quarter. Finally, IMS Capital Management raised its position in Visa by 1.1% during the 1st quarter. IMS Capital Management now owns 10,693 shares of the credit-card processor’s stock worth $2,984,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Compass Point started coverage on Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. TD Cowen boosted their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Citigroup boosted their price target on shares of Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Visa Trading Up 0.9 %

Visa stock opened at $314.70 on Friday. The stock has a market cap of $586.25 billion, a P/E ratio of 32.34, a PEG ratio of 2.11 and a beta of 0.95. Visa Inc. has a fifty-two week low of $251.61 and a fifty-two week high of $316.37. The firm’s fifty day moving average price is $291.48 and its 200-day moving average price is $278.31. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

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 the consensus estimate of $2.58 by $0.13. The firm 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 company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.33 EPS. Equities research analysts forecast that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.75%. Visa’s payout ratio is 24.25%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, September 3rd. The stock was 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 owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 94.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

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.