Visa Inc. (NYSE:V) Stake Lowered by Bessemer Securities LLC

Bessemer Securities LLC trimmed its position in shares of Visa Inc. (NYSE:VFree Report) by 45.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,278 shares of the credit-card processor’s stock after selling 11,850 shares during the period. Visa comprises approximately 2.3% of Bessemer Securities LLC’s portfolio, making the stock its 6th biggest holding. Bessemer Securities LLC’s holdings in Visa were worth $3,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Graham Capital Wealth Management LLC bought a new stake in Visa in the first quarter worth $299,862,000. Financial Freedom LLC acquired a new position in shares of Visa during the 4th quarter valued at about $32,000. Kalos Management Inc. acquired a new position in Visa during the first quarter valued at approximately $40,000. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Visa by 666.7% during the 1st quarter. Moisand Fitzgerald Tamayo LLC now owns 230 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 200 shares during the last quarter. Finally, Northwest Bank & Trust Co acquired a new position in Visa during the 2nd quarter valued at $64,000. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Visa Trading Down 0.1 %

Shares of NYSE V traded down $0.19 during midday trading on Monday, hitting $249.37. The stock had a trading volume of 1,164,029 shares, compared to its average volume of 6,000,617. The firm has a market cap of $464.29 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. Visa Inc. has a fifty-two week low of $202.13 and a fifty-two week high of $250.93. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.45 and a quick ratio of 1.49. The company’s 50-day simple moving average is $238.42 and its 200 day simple moving average is $236.26.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The credit-card processor reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.10. The firm had revenue of $8.61 billion during the quarter, compared to analyst estimates of $8.56 billion. Visa had a return on equity of 50.13% and a net margin of 52.90%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $1.93 earnings per share. Research analysts anticipate that Visa Inc. will post 9.9 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, November 8th. This is a boost from Visa’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a yield of 0.83%. Visa’s dividend payout ratio (DPR) is presently 25.09%.

Insiders Place Their Bets

In other Visa news, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $236.14, for a total value of $9,445,600.00. Following the transaction, the chairman now owns 139,854 shares of the company’s stock, valued at $33,025,123.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Rajat Taneja sold 15,800 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $250.01, for a total transaction of $3,950,158.00. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $58,030,321.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $236.14, for a total value of $9,445,600.00. Following the completion of the transaction, the chairman now directly owns 139,854 shares of the company’s stock, valued at $33,025,123.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,100 shares of company stock valued at $17,368,639. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of Visa from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, July 26th. StockNews.com initiated coverage on Visa in a research note on Thursday, October 5th. They set a “buy” rating on the stock. UBS Group assumed coverage on Visa in a research report on Friday, October 20th. They issued a “buy” rating and a $295.00 price objective for the company. Royal Bank of Canada boosted their price objective on Visa from $265.00 to $290.00 in a research report on Wednesday, July 26th. Finally, Seaport Res Ptn reaffirmed a “neutral” rating on shares of Visa in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $275.67.

Get Our Latest Stock Analysis on Visa

Visa Profile

(Free Report)

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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