Invictus Private Wealth LLC Sells 47 Shares of Visa Inc. (NYSE:V)

Invictus Private Wealth LLC decreased its position in shares of Visa Inc. (NYSE:V) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 738 shares of the credit-card processor’s stock after selling 47 shares during the quarter. Invictus Private Wealth LLC’s holdings in Visa were worth $203,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Wisconsin Capital Management LLC grew its stake in Visa by 1.1% in the 3rd quarter. Wisconsin Capital Management LLC now owns 31,656 shares of the credit-card processor’s stock valued at $8,704,000 after buying an additional 335 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in shares of Visa by 3.8% in the third quarter. Avidian Wealth Enterprises LLC now owns 8,590 shares of the credit-card processor’s stock worth $2,362,000 after acquiring an additional 316 shares during the period. Beacon Financial Advisory LLC grew its position in shares of Visa by 6.3% in the third quarter. Beacon Financial Advisory LLC now owns 8,093 shares of the credit-card processor’s stock valued at $2,225,000 after purchasing an additional 483 shares in the last quarter. Marks Group Wealth Management Inc raised its stake in shares of Visa by 3.3% during the 3rd quarter. Marks Group Wealth Management Inc now owns 59,027 shares of the credit-card processor’s stock valued at $16,229,000 after purchasing an additional 1,895 shares during the period. Finally, Hixon Zuercher LLC lifted its holdings in Visa by 3.6% during the 3rd quarter. Hixon Zuercher LLC now owns 1,991 shares of the credit-card processor’s stock worth $547,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

Visa Trading Up 4.8 %

Shares of V stock opened at $307.36 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37. The business has a 50-day moving average of $282.69 and a 200 day moving average of $274.20. The stock has a market capitalization of $560.11 billion, a PE ratio of 31.59, a P/E/G ratio of 1.96 and a beta of 0.95. Visa Inc. has a 1-year low of $240.97 and a 1-year high of $309.00.

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 analysts’ consensus estimates 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 net margin of 54.96% and a return on equity of 53.16%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.33 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.59 dividend. 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is presently 21.38%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on V. Susquehanna upped their price target on Visa from $326.00 to $339.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Compass Point started coverage on shares of Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Four equities research 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 stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

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.