Lyell Wealth Management LP Grows Position in Visa Inc (NYSE:V)

Lyell Wealth Management LP increased its position in Visa Inc (NYSE:V) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,219 shares of the credit-card processor’s stock after purchasing an additional 1,230 shares during the quarter. Visa makes up about 1.7% of Lyell Wealth Management LP’s investment portfolio, making the stock its 19th largest holding. Lyell Wealth Management LP’s holdings in Visa were worth $5,592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors Inc. raised its stake in Visa by 12.0% during the first quarter. Laurel Wealth Advisors Inc. now owns 7,181 shares of the credit-card processor’s stock valued at $1,122,000 after buying an additional 767 shares during the last quarter. Doliver Advisors LP raised its stake in Visa by 16.8% during the second quarter. Doliver Advisors LP now owns 14,848 shares of the credit-card processor’s stock valued at $2,577,000 after buying an additional 2,134 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Visa by 18.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 406,519 shares of the credit-card processor’s stock valued at $63,494,000 after buying an additional 62,736 shares during the last quarter. Commonwealth Bank of Australia raised its stake in Visa by 6.9% during the fourth quarter. Commonwealth Bank of Australia now owns 94,679 shares of the credit-card processor’s stock valued at $12,488,000 after buying an additional 6,088 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in Visa by 0.7% during the fourth quarter. WINTON GROUP Ltd now owns 14,060 shares of the credit-card processor’s stock valued at $1,855,000 after buying an additional 98 shares during the last quarter. Institutional investors own 81.63% of the company’s stock.

Shares of Visa stock traded up $1.96 on Friday, reaching $178.23. The company’s stock had a trading volume of 8,179,400 shares, compared to its average volume of 7,288,542. The company has a market capitalization of $344.23 billion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 1.94 and a beta of 0.96. The firm’s fifty day simple moving average is $178.23 and its two-hundred day simple moving average is $162.51. Visa Inc has a 52 week low of $121.60 and a 52 week high of $184.07. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.04. Visa had a return on equity of 41.04% and a net margin of 53.43%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the company earned $1.20 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, research analysts predict that Visa Inc will post 5.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, August 15th. Visa’s payout ratio is currently 21.69%.

In other news, Director Denise M. Morrison acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $171.13 per share, with a total value of $171,130.00. Following the completion of the acquisition, the director now directly owns 3,223 shares of the company’s stock, valued at approximately $551,551.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction on Friday, July 26th. The stock was sold at an average price of $182.73, for a total value of $639,555.00. Following the completion of the sale, the director now directly owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

V has been the subject of a number of recent research reports. Nomura lifted their price objective on Visa from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Raymond James lifted their price objective on Visa from $177.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Barclays lifted their price objective on Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Goldman Sachs Group reissued a “buy” rating and issued a $202.00 target price on shares of Visa in a report on Wednesday, July 24th. Finally, Jefferies Financial Group lifted their target price on Visa from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Visa has a consensus rating of “Buy” and an average target price of $195.46.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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