Visa Inc. (NYSE:V) Shares Bought by JB Capital LLC

JB Capital LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,415 shares of the credit-card processor’s stock after purchasing an additional 1,241 shares during the quarter. JB Capital LLC’s holdings in Visa were worth $4,238,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. POM Investment Strategies LLC grew its holdings 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 acquiring an additional 97 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Visa during the 3rd quarter worth $31,000. TruNorth Capital Management LLC grew its stake in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after purchasing an additional 89 shares during the period. Bbjs Financial Advisors LLC purchased a new position in shares of Visa in the 2nd quarter valued at about $35,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Visa in the second quarter valued at about $35,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Performance

NYSE V opened at $305.76 on Friday. The business’s 50-day simple moving average is $282.69 and its 200-day simple moving average is $274.20. The firm has a market capitalization of $557.19 billion, a P/E ratio of 31.42, a P/E/G ratio of 2.06 and a beta of 0.95. Visa Inc. has a 1-year low of $240.97 and a 1-year high of $309.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37.

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

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio is 21.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on V shares. Compass Point began coverage on shares of Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price for the company. Barclays lifted their price objective on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday. William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Jefferies Financial Group raised their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $321.00 price objective (up from $318.00) on shares of Visa in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $321.74.

Visa 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.