Visa Inc. (NYSE:V) Shares Bought by Hobbs Group Advisors LLC

Hobbs Group Advisors LLC raised its position in shares of Visa Inc. (NYSE:V) by 7.5% in the third quarter, Holdings Channel.com reports. The fund owned 761 shares of the credit-card processor’s stock after acquiring an additional 53 shares during the quarter. Hobbs Group Advisors LLC’s holdings in Visa were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in V. AdvisorNet Financial Inc grew its position in shares of Visa by 2.2% in the second quarter. AdvisorNet Financial Inc now owns 6,251 shares of the credit-card processor’s stock valued at $1,641,000 after purchasing an additional 137 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in Visa by 3.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 11,254 shares of the credit-card processor’s stock valued at $2,955,000 after buying an additional 346 shares in the last quarter. Baader Bank Aktiengesellschaft increased its stake in shares of Visa by 9.3% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 58,655 shares of the credit-card processor’s stock worth $15,299,000 after acquiring an additional 4,988 shares during the last quarter. Northcape Capital Pty Ltd raised its holdings in shares of Visa by 20.7% during the 2nd quarter. Northcape Capital Pty Ltd now owns 15,997 shares of the credit-card processor’s stock worth $4,199,000 after acquiring an additional 2,740 shares during the period. Finally, Salvus Wealth Management LLC boosted its position in shares of Visa by 10.9% during the 2nd quarter. Salvus Wealth Management LLC now owns 3,036 shares of the credit-card processor’s stock valued at $797,000 after acquiring an additional 299 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is currently owned by insiders.

Visa Stock Up 1.3 %

Shares of Visa stock opened at $312.38 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $317.42. The company has a market capitalization of $581.93 billion, a P/E ratio of 32.10, a P/E/G ratio of 2.07 and a beta of 0.96. The company has a 50 day moving average of $296.38 and a 200 day moving average of $279.98.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The company 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%. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. As a group, research analysts forecast that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.76%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is 24.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on V shares. Macquarie raised their price objective on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup boosted their price objective on shares of Visa from $319.00 to $326.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. BNP Paribas raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 target price for the company in a research note on Tuesday, September 3rd. Finally, Susquehanna boosted their price target on shares of Visa from $326.00 to $339.00 and gave the company a “positive” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average target price of $323.41.

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.