Schneider Downs Wealth Management Advisors LP Buys 1,046 Shares of Visa Inc. (NYSE:V)

Schneider Downs Wealth Management Advisors LP raised its stake in shares of Visa Inc. (NYSE:V) by 35.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,987 shares of the credit-card processor’s stock after purchasing an additional 1,046 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in Visa were worth $888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Visa by 3.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 367,892 shares of the credit-card processor’s stock worth $86,021,000 after acquiring an additional 13,120 shares during the period. Greenleaf Trust boosted its stake in Visa by 2.1% during the second quarter. Greenleaf Trust now owns 210,478 shares of the credit-card processor’s stock valued at $49,214,000 after buying an additional 4,292 shares during the last quarter. Heritage Wealth Advisors boosted its stake in Visa by 66.1% during the second quarter. Heritage Wealth Advisors now owns 50,010 shares of the credit-card processor’s stock valued at $10,939,000 after buying an additional 19,910 shares during the last quarter. WT Wealth Management boosted its stake in Visa by 8.7% during the second quarter. WT Wealth Management now owns 10,950 shares of the credit-card processor’s stock valued at $2,560,000 after buying an additional 879 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its stake in Visa by 2.5% during the second quarter. King Luther Capital Management Corp now owns 957,489 shares of the credit-card processor’s stock valued at $223,880,000 after buying an additional 23,429 shares during the last quarter. 80.54% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. Truist increased their price target on Visa from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Mizuho decreased their price objective on Visa from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Monday, November 1st. JPMorgan Chase & Co. upped their price objective on Visa from $267.00 to $277.00 and gave the company an “overweight” rating in a research report on Wednesday, October 27th. UBS Group assumed coverage on Visa in a research report on Thursday, November 18th. They set a “buy” rating and a $275.00 price objective on the stock. Finally, Compass Point upped their price objective on Visa from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Two equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $270.11.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Friday, October 29th. The stock was sold at an average price of $208.57, for a total value of $1,877,130.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Ryan Mcinerney sold 11,193 shares of Visa stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $229.10, for a total value of $2,564,316.30. Following the completion of the sale, the president now owns 11,193 shares in the company, valued at $2,564,316.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,580 shares of company stock valued at $11,376,866. 0.19% of the stock is owned by company insiders.

NYSE V opened at $203.25 on Thursday. The stock has a 50-day simple moving average of $219.79 and a two-hundred day simple moving average of $228.86. The firm has a market capitalization of $395.92 billion, a P/E ratio of 36.10, a PEG ratio of 1.88 and a beta of 0.92. Visa Inc. has a fifty-two week low of $192.81 and a fifty-two week high of $252.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.00 and a current ratio of 1.75.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 26th. The credit-card processor reported $1.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.09. The business had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.51 billion. Visa had a return on equity of 37.62% and a net margin of 51.07%. The company’s revenue was up 28.6% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. As a group, analysts forecast that Visa Inc. will post 7.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 7th. Investors of record on Friday, November 12th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.32. Visa’s payout ratio is currently 26.64%.

About Visa

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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