Kapstone Financial Advisors LLC Has $826,000 Stock Holdings in Visa Inc. (NYSE:V)

Kapstone Financial Advisors LLC decreased its stake in shares of Visa Inc. (NYSE:V) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the credit-card processor’s stock after selling 75 shares during the quarter. Kapstone Financial Advisors LLC’s holdings in Visa were worth $826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. POM Investment Strategies LLC increased its position in Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after buying an additional 97 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Visa during the 3rd quarter worth approximately $31,000. TruNorth Capital Management LLC raised its stake in Visa by 211.9% in the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after acquiring an additional 89 shares during the period. Bbjs Financial Advisors LLC acquired a new stake in Visa during the 2nd quarter valued at $35,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in Visa during the second quarter worth $35,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.3 %

Shares of V traded up $0.90 during trading hours on Thursday, hitting $310.38. 636,300 shares of the stock were exchanged, compared to its average volume of 6,986,028. The business has a 50-day moving average of $285.84 and a 200-day moving average of $275.41. Visa Inc. has a fifty-two week low of $245.34 and a fifty-two week high of $312.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37. The firm has a market capitalization of $565.61 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the firm posted $2.33 EPS. Visa’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a $0.59 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio is presently 24.25%.

Insider Buying and Selling at Visa

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

Analysts Set New Price Targets

A number of brokerages have commented on V. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Morgan Stanley raised their price target on shares of Visa from $322.00 to $326.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Barclays lifted their price objective on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. The Goldman Sachs Group restated a “buy” rating and set a $317.00 target price on shares of Visa in a research report on Thursday, September 12th. Finally, Mizuho lifted their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $321.74.

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.