Neville Rodie & Shaw Inc. Grows Stock Position in Visa Inc. (NYSE:V)

Neville Rodie & Shaw Inc. boosted its holdings in Visa Inc. (NYSE:V) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,444 shares of the credit-card processor’s stock after acquiring an additional 291 shares during the quarter. Visa accounts for 2.4% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 8th largest position. Neville Rodie & Shaw Inc.’s holdings in Visa were worth $27,891,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. BCK Partners Inc. acquired a new stake in Visa during the first quarter valued at approximately $2,717,000. Markel Corp boosted its holdings in shares of Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after acquiring an additional 3,065 shares in the last quarter. AMI Investment Management Inc. acquired a new position in shares of Visa in the 1st quarter worth approximately $2,323,000. Ergoteles LLC acquired a new position in shares of Visa in the 1st quarter worth approximately $538,000. Finally, XTX Topco Ltd acquired a new position in shares of Visa in the 1st quarter worth approximately $1,496,000. 81.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

V has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and issued a $270.00 price objective on shares of Visa in a research report on Thursday, August 31st. Mizuho restated a “neutral” rating and issued a $255.00 price objective on shares of Visa in a research report on Tuesday, August 29th. Barclays boosted their price objective on shares of Visa from $272.00 to $287.00 and gave the stock an “overweight” rating in a research report on Monday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Visa from $265.00 to $296.00 and gave the company an “overweight” rating in a research report on Tuesday, August 22nd. Finally, Citigroup upped their target price on shares of Visa from $273.00 to $275.00 in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $273.77.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 24,025 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total transaction of $5,766,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Rajat Taneja sold 2,300 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total transaction of $552,000.00. Following the sale, the insider now owns 232,112 shares in the company, valued at approximately $55,706,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 24,025 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total transaction of $5,766,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,550 shares of company stock valued at $19,795,806. 0.22% of the stock is currently owned by company insiders.

Visa Stock Down 0.2 %

Shares of V stock opened at $241.00 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s 50-day moving average is $241.58 and its 200-day moving average is $232.04. The stock has a market cap of $448.70 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 1.81 and a beta of 0.95. Visa Inc. has a 52-week low of $174.60 and a 52-week high of $250.06.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.05. The firm had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $8.06 billion. Visa had a net margin of 51.94% and a return on equity of 49.42%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 EPS. Sell-side analysts predict that Visa Inc. will post 8.65 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.80 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is presently 22.84%.

Visa Profile

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.