M Holdings Securities Inc. Has $7.38 Million Stock Holdings in Visa Inc. $V

M Holdings Securities Inc. increased its holdings in shares of Visa Inc. (NYSE:V) by 12.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,852 shares of the credit-card processor’s stock after acquiring an additional 2,261 shares during the period. Visa comprises about 1.3% of M Holdings Securities Inc.’s investment portfolio, making the stock its 20th biggest position. M Holdings Securities Inc.’s holdings in Visa were worth $7,381,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in V. Keystone Global Partners LLC bought a new stake in shares of Visa in the 1st quarter valued at approximately $26,000. Family Legacy Financial Solutions LLC acquired a new stake in Visa in the 2nd quarter valued at $28,000. Harbor Asset Planning Inc. bought a new stake in Visa in the second quarter valued at $29,000. Cranbrook Wealth Management LLC raised its stake in Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 41 shares in the last quarter. Finally, Bare Financial Services Inc lifted its holdings in shares of Visa by 287.0% during the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Down 0.8%

Shares of NYSE V opened at $326.94 on Friday. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The company has a 50-day moving average of $338.88 and a two-hundred day moving average of $346.42. The company has a market cap of $595.59 billion, a PE ratio of 32.02, a P/E/G ratio of 1.95 and a beta of 0.82. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business posted $2.71 earnings per share. Visa’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, November 12th. Visa’s payout ratio is currently 26.25%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at $183,117. The trade was a 95.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lloyd Carney sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the sale, the director directly owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,042 shares of company stock worth $8,175,152 over the last 90 days. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of several analyst reports. Erste Group Bank lowered shares of Visa from a “buy” rating to a “hold” rating in a report on Monday, September 22nd. Morgan Stanley set a $398.00 price target on shares of Visa and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Citigroup raised shares of Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Wells Fargo & Company upgraded shares of Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $408.00 target price (up from $398.00) on shares of Visa in a report on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $400.00.

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.