Balasa Dinverno & Foltz LLC Invests $914,000 in Visa Inc (V)

Balasa Dinverno & Foltz LLC acquired a new position in shares of Visa Inc (NYSE:V) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,683 shares of the credit-card processor’s stock, valued at approximately $914,000.

Several other large investors have also modified their holdings of the stock. Motco grew its position in Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after acquiring an additional 236 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in shares of Visa in the 2nd quarter valued at about $115,000. Mascoma Wealth Management LLC purchased a new position in shares of Visa in the 2nd quarter valued at about $122,000. MPS Loria Financial Planners LLC purchased a new position in shares of Visa in the 2nd quarter valued at about $123,000. Finally, SpiderRock Advisors LLC boosted its stake in shares of Visa by 107.1% in the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after buying an additional 19,709 shares during the period. 81.49% of the stock is owned by hedge funds and other institutional investors.

V has been the subject of several recent research reports. Buckingham Research initiated coverage on Visa in a research note on Monday, October 2nd. They issued a “buy” rating and a $129.00 price objective for the company. Robert W. Baird reiterated a “buy” rating on shares of Visa in a research note on Thursday, August 24th. KeyCorp reiterated a “buy” rating and issued a $110.00 price objective on shares of Visa in a research note on Friday, August 25th. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $108.51 price objective for the company in a research note on Tuesday, September 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $124.00 price objective on shares of Visa in a research note on Friday, September 22nd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $117.23.

Shares of Visa Inc (NYSE V) opened at $112.14 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa Inc has a 52 week low of $77.19 and a 52 week high of $114.75. The firm has a market capitalization of $235,234.86, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 1.66 and a beta of 0.97.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. equities research analysts expect that Visa Inc will post 4.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were paid a $0.195 dividend. The ex-dividend date was Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a yield of 0.70%. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is currently 27.86%.

In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the sale, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $113.66, for a total value of $5,649,129.32. Following the completion of the sale, the executive vice president now owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,068 shares of company stock valued at $6,597,262. 0.14% of the stock is owned by company insiders.

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Visa Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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