Silver Lake Advisory LLC Invests $3.78 Million in Visa Inc. (NYSE:V)

Silver Lake Advisory LLC acquired a new stake in shares of Visa Inc. (NYSE:V) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,398 shares of the credit-card processor’s stock, valued at approximately $3,779,000.

Other hedge funds also recently bought and sold shares of the company. Long Run Wealth Advisors LLC boosted its holdings in Visa by 2.5% during the 1st quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s stock valued at $424,000 after acquiring an additional 37 shares during the period. Alaethes Wealth LLC boosted its stake in shares of Visa by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock valued at $2,302,000 after purchasing an additional 37 shares during the period. Jessup Wealth Management Inc grew its holdings in shares of Visa by 0.7% in the first quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after purchasing an additional 37 shares during the last quarter. Cordatus Wealth Management LLC increased its stake in shares of Visa by 0.3% in the first quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock worth $3,012,000 after buying an additional 37 shares during the period. Finally, Aurora Private Wealth Inc. grew its holdings in Visa by 3.8% in the 1st quarter. Aurora Private Wealth Inc. now owns 1,036 shares of the credit-card processor’s stock worth $289,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.2 %

V traded up $0.56 during trading on Friday, reaching $267.36. The company had a trading volume of 5,110,843 shares, compared to its average volume of 7,227,860. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96. The stock has a market cap of $488.98 billion, a P/E ratio of 29.87, a PEG ratio of 1.84 and a beta of 0.95. The business has a 50 day simple moving average of $266.41 and a 200-day simple moving average of $273.59.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting the consensus estimate of $2.42. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.16 EPS. On average, equities analysts anticipate that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.78%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on V. JPMorgan Chase & Co. reduced their price objective on shares of Visa from $300.00 to $290.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Jefferies Financial Group dropped their price objective on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Bank of America reaffirmed a “neutral” rating and set a $297.00 target price (down previously from $305.00) on shares of Visa in a research note on Wednesday, July 10th. UBS Group lifted their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Wedbush lifted their price target on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $307.25.

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.