Wintrust Investments LLC Takes $6.04 Million Position in Visa Inc. (NYSE:V)

Wintrust Investments LLC purchased a new stake in Visa Inc. (NYSE:V) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,451 shares of the credit-card processor’s stock, valued at approximately $6,044,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Paulson Wealth Management Inc. boosted its stake in Visa by 43.0% in the 2nd quarter. Paulson Wealth Management Inc. now owns 3,398 shares of the credit-card processor’s stock worth $807,000 after purchasing an additional 1,022 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Visa by 7.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 124,045 shares of the credit-card processor’s stock worth $29,458,000 after purchasing an additional 8,217 shares during the period. Atomi Financial Group Inc. acquired a new position in Visa in the 1st quarter worth $677,000. CCLA Investment Management boosted its stake in Visa by 12.0% in the 2nd quarter. CCLA Investment Management now owns 565,685 shares of the credit-card processor’s stock worth $134,190,000 after purchasing an additional 60,585 shares during the period. Finally, Blue Chip Partners LLC boosted its stake in Visa by 3.0% in the 2nd quarter. Blue Chip Partners LLC now owns 83,364 shares of the credit-card processor’s stock worth $19,797,000 after purchasing an additional 2,402 shares during the period. Institutional investors and hedge funds own 81.35% of the company’s stock.

Visa Stock Up 0.0 %

Visa stock opened at $247.00 on Wednesday. The stock has a market cap of $459.87 billion, a P/E ratio of 29.79, a P/E/G ratio of 1.63 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.45 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $202.13 and a twelve month high of $250.06. The company’s 50-day moving average price is $238.32 and its two-hundred day moving average price is $235.83.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 24th. The credit-card processor reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.10. The firm had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.56 billion. Visa had a net margin of 52.90% and a return on equity of 50.13%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.93 EPS. As a group, analysts expect that Visa Inc. will post 9.9 EPS for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Wednesday, November 8th. This is a positive change from Visa’s previous quarterly dividend of $0.45. Visa’s dividend payout ratio is presently 25.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on V shares. Citigroup increased their price objective on shares of Visa from $273.00 to $275.00 in a research note on Wednesday, July 26th. KeyCorp increased their price objective on shares of Visa from $265.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Robert W. Baird restated an “outperform” rating and set a $284.00 price objective on shares of Visa in a research note on Thursday, September 14th. HSBC started coverage on shares of Visa in a research note on Friday, October 13th. They set a “hold” rating and a $266.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on shares of Visa from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $275.67.

Insiders Place Their Bets

In other Visa news, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $236.14, for a total transaction of $9,445,600.00. Following the transaction, the chairman now owns 139,854 shares in the company, valued at approximately $33,025,123.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $247.47, for a total transaction of $2,016,880.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $236.14, for a total transaction of $9,445,600.00. Following the sale, the chairman now owns 139,854 shares in the company, valued at approximately $33,025,123.56. The disclosure for this sale can be found here. Insiders have sold a total of 72,100 shares of company stock worth $17,368,639 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

Visa Company 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.