Siligmueller & Norvid Wealth Advisors LLC Acquires New Holdings in Visa Inc. $V

Siligmueller & Norvid Wealth Advisors LLC bought a new position in shares of Visa Inc. (NYSE:V) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,473 shares of the credit-card processor’s stock, valued at approximately $844,000.

Several other hedge funds also recently modified their holdings of V. Darden Wealth Group Inc lifted its position in shares of Visa by 12.9% during the 3rd quarter. Darden Wealth Group Inc now owns 1,633 shares of the credit-card processor’s stock valued at $558,000 after acquiring an additional 187 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of Visa by 73.2% during the third quarter. Hillsdale Investment Management Inc. now owns 32,250 shares of the credit-card processor’s stock valued at $11,010,000 after buying an additional 13,635 shares during the last quarter. Isthmus Partners LLC purchased a new stake in shares of Visa during the 3rd quarter valued at $568,000. Coyle Financial Counsel LLC purchased a new stake in Visa during the third quarter valued at about $397,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Visa by 7.4% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 33,250 shares of the credit-card processor’s stock valued at $11,351,000 after acquiring an additional 2,287 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Macquarie Infrastructure restated an “outperform” rating and set a $410.00 target price on shares of Visa in a report on Friday, January 30th. Cantor Fitzgerald raised Visa to a “strong-buy” rating in a research report on Tuesday, January 27th. TD Cowen reaffirmed a “buy” rating on shares of Visa in a report on Friday, January 30th. Rothschild & Co Redburn set a $385.00 price target on Visa in a research note on Wednesday, January 28th. Finally, Evercore set a $380.00 price objective on Visa in a research report on Friday, December 12th. Seven analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Visa has an average rating of “Buy” and a consensus price target of $391.43.

Insider Activity

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.12% of the company’s stock.

Visa Trading Up 0.6%

V opened at $320.90 on Friday. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $336.40 and a 200-day simple moving average of $338.95. The firm has a market cap of $582.49 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.83 and a beta of 0.79.

Visa (NYSE:V) last posted its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.03. The firm had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.Visa’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.75 EPS. On average, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s payout ratio is 25.14%.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.