BTG Pactual Global Asset Management Ltd Increases Position in Visa Inc. (NYSE:V)

BTG Pactual Global Asset Management Ltd grew its holdings in Visa Inc. (NYSE:V) by 3.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 7,807 shares of the credit-card processor’s stock after acquiring an additional 291 shares during the quarter. BTG Pactual Global Asset Management Ltd’s holdings in Visa were worth $1,854,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Financial Freedom LLC acquired a new position in shares of Visa during the fourth quarter worth about $32,000. Kalos Management Inc. acquired a new position in shares of Visa during the first quarter worth about $40,000. NewSquare Capital LLC increased its stake in shares of Visa by 121.9% during the first quarter. NewSquare Capital LLC now owns 213 shares of the credit-card processor’s stock worth $48,000 after acquiring an additional 117 shares during the period. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Visa by 666.7% during the first quarter. Moisand Fitzgerald Tamayo LLC now owns 230 shares of the credit-card processor’s stock worth $52,000 after acquiring an additional 200 shares during the period. Finally, Northwest Bank & Trust Co acquired a new position in shares of Visa during the second quarter worth about $64,000. 81.35% of the stock is owned by hedge funds and other institutional investors.

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 of the company’s stock, valued at $33,025,123.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Rajat Taneja sold 15,800 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $250.01, for a total value of $3,950,158.00. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at $58,030,321.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the stock in a transaction 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 completion of the sale, the chairman now directly owns 139,854 shares of the company’s stock, 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 valued at $17,368,639 over the last quarter. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Visa from $270.00 to $275.00 in a research note on Wednesday, July 26th. JPMorgan Chase & Co. lowered their target price on shares of Visa from $296.00 to $293.00 and set an “overweight” rating on the stock in a research report on Monday, October 9th. Seaport Res Ptn restated a “neutral” rating on shares of Visa in a research report on Thursday, October 12th. Wells Fargo & Company upped their target price on shares of Visa from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 26th. 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $275.67.

Visa Trading Up 0.4 %

Shares of V traded up $0.99 on Friday, hitting $249.56. 7,238,324 shares of the stock traded hands, compared to its average volume of 6,417,070. The company has a quick ratio of 1.49, a current ratio of 1.45 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $464.64 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.66 and a beta of 0.95. The stock’s 50 day moving average is $238.42 and its two-hundred day moving average is $236.19. Visa Inc. has a 1 year low of $202.13 and a 1 year high of $250.24.

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

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.83%. This is an increase from Visa’s previous quarterly dividend of $0.45. Visa’s dividend payout ratio (DPR) is currently 25.09%.

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.