Trinity Legacy Partners LLC Buys 412 Shares of Visa Inc. (NYSE:V)

Trinity Legacy Partners LLC boosted its position in Visa Inc. (NYSE:V) by 2.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,066 shares of the credit-card processor’s stock after acquiring an additional 412 shares during the quarter. Trinity Legacy Partners LLC’s holdings in Visa were worth $5,071,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in V. Mainstream Capital Management LLC acquired a new position in Visa during the third quarter worth $937,000. Portside Wealth Group LLC increased its position in shares of Visa by 2.5% during the third quarter. Portside Wealth Group LLC now owns 35,869 shares of the credit-card processor’s stock worth $9,862,000 after acquiring an additional 867 shares in the last quarter. Keynote Financial Services LLC increased its position in shares of Visa by 10.0% during the third quarter. Keynote Financial Services LLC now owns 933 shares of the credit-card processor’s stock worth $257,000 after acquiring an additional 85 shares in the last quarter. Consolidated Planning Corp raised its holdings in shares of Visa by 21.6% in the 3rd quarter. Consolidated Planning Corp now owns 15,465 shares of the credit-card processor’s stock worth $4,252,000 after acquiring an additional 2,750 shares during the last quarter. Finally, Hara Capital LLC acquired a new position in Visa during the 3rd quarter valued at about $147,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the subject of several analyst reports. Monness Crespi & Hardt reissued a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Mizuho raised their price objective on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. William Blair upgraded shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $321.74.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.19% of the stock is owned by insiders.

Visa Trading Down 0.5 %

Visa stock opened at $305.76 on Friday. The stock has a market cap of $557.19 billion, a P/E ratio of 31.42, a PEG ratio of 2.06 and a beta of 0.95. Visa Inc. has a fifty-two week low of $240.97 and a fifty-two week high of $309.00. The firm’s fifty day moving average price is $282.69 and its 200-day moving average price is $274.20. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.28.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.33 earnings per share. Equities research analysts forecast that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is 21.38%.

Visa 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.