Wealth Architects LLC Lowers Stock Position in Visa Inc. (NYSE:V)

Wealth Architects LLC trimmed its holdings in shares of Visa Inc. (NYSE:V) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,888 shares of the credit-card processor’s stock after selling 64 shares during the quarter. Wealth Architects LLC’s holdings in Visa were worth $794,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. WFA Asset Management Corp boosted its holdings in shares of Visa by 4.6% in the 1st quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after buying an additional 100 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in Visa by 46.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock valued at $14,046,000 after acquiring an additional 16,078 shares during the last quarter. Signaturefd LLC boosted its stake in Visa by 2.3% in the first quarter. Signaturefd LLC now owns 39,140 shares of the credit-card processor’s stock valued at $10,923,000 after acquiring an additional 884 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in Visa by 9.0% in the first quarter. Richardson Financial Services Inc. now owns 5,020 shares of the credit-card processor’s stock worth $1,401,000 after purchasing an additional 416 shares during the last quarter. Finally, Csenge Advisory Group increased its position in shares of Visa by 3.1% during the first quarter. Csenge Advisory Group now owns 15,000 shares of the credit-card processor’s stock worth $4,186,000 after purchasing an additional 458 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Piper Sandler boosted their target price on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their price objective on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Bank of America raised their price target on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $321.74.

Visa Trading Up 4.8 %

V stock opened at $307.36 on Thursday. Visa Inc. has a 52-week low of $240.97 and a 52-week high of $309.00. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $560.11 billion, a P/E ratio of 31.59, a PEG ratio of 1.96 and a beta of 0.95. The company’s 50-day simple moving average is $282.69 and its 200-day simple moving average is $274.20.

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

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio is currently 21.38%.

Insider Buying and Selling at Visa

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

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.