Mercer Global Advisors Inc. ADV Buys 13,328 Shares of Visa Inc. $V

Mercer Global Advisors Inc. ADV increased its stake in Visa Inc. (NYSE:V) by 4.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 321,183 shares of the credit-card processor’s stock after acquiring an additional 13,328 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Visa were worth $109,646,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in V. Mirabella Financial Services LLP raised its position in Visa by 140.7% during the third quarter. Mirabella Financial Services LLP now owns 25,464 shares of the credit-card processor’s stock valued at $8,676,000 after purchasing an additional 14,885 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Visa by 5.4% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 39,176 shares of the credit-card processor’s stock worth $13,374,000 after purchasing an additional 1,991 shares in the last quarter. Moore Capital Management LP boosted its holdings in shares of Visa by 14.3% in the 3rd quarter. Moore Capital Management LP now owns 17,180 shares of the credit-card processor’s stock worth $5,865,000 after purchasing an additional 2,143 shares in the last quarter. L2 Asset Management LLC increased its position in shares of Visa by 5.3% during the 3rd quarter. L2 Asset Management LLC now owns 8,111 shares of the credit-card processor’s stock valued at $2,769,000 after purchasing an additional 411 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its position in shares of Visa by 3.0% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 56,616 shares of the credit-card processor’s stock valued at $19,328,000 after purchasing an additional 1,636 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Bank of America initiated coverage on Visa in a research report on Thursday, March 5th. They issued a “buy” rating and a $410.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. TD Cowen reissued a “buy” rating on shares of Visa in a research note on Friday, January 30th. Macquarie Infrastructure restated an “outperform” rating and issued a $410.00 price objective on shares of Visa in a report on Friday, January 30th. Finally, Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a research note on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Visa currently has a consensus rating of “Buy” and a consensus price target of $392.65.

Visa Trading Up 1.0%

NYSE V opened at $310.10 on Tuesday. The firm has a market cap of $562.88 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.76 and a beta of 0.78. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The stock has a 50-day moving average of $324.62 and a 200-day moving average of $335.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V) last posted its quarterly 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 business 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 for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the company earned $2.75 EPS. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 10th. Visa’s dividend payout ratio is 25.14%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the sale, the chief executive officer directly owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lloyd Carney sold 650 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the sale, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. The trade was a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by company insiders.

Visa Company 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.