Three Seasons Wealth LLC Reduces Stake in Visa Inc. $V

Three Seasons Wealth LLC decreased its position in Visa Inc. (NYSE:V) by 19.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,887 shares of the credit-card processor’s stock after selling 1,393 shares during the quarter. Three Seasons Wealth LLC’s holdings in Visa were worth $2,020,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of V. G&S Capital LLC increased its holdings in Visa by 4.0% during the second quarter. G&S Capital LLC now owns 761 shares of the credit-card processor’s stock valued at $261,000 after buying an additional 29 shares during the last quarter. Keating Financial Advisory Services Inc. increased its stake in shares of Visa by 0.9% in the 2nd quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor’s stock worth $1,094,000 after purchasing an additional 29 shares in the last quarter. NerdWallet Wealth Partners LLC increased its stake in shares of Visa by 4.5% in the 2nd quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor’s stock worth $239,000 after purchasing an additional 30 shares in the last quarter. Frederick Financial Consultants LLC raised its holdings in Visa by 2.0% in the 4th quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor’s stock worth $560,000 after purchasing an additional 31 shares during the period. Finally, Kuhn & Co Investment Counsel lifted its position in Visa by 0.5% during the fourth quarter. Kuhn & Co Investment Counsel now owns 6,096 shares of the credit-card processor’s stock valued at $2,138,000 after purchasing an additional 32 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ryan Mcinerney sold 5,875 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $379.65, for a total transaction of $2,230,443.75. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,760,809.10. This trade represents a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,028 shares of Visa stock in a transaction on Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the completion of the sale, the general counsel owned 18,404 shares in the company, valued at approximately $7,018,365.40. This represents a 9.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 104,537 shares of company stock worth $37,540,837 over the last quarter. Insiders own 0.12% of the company’s stock.

Visa Stock Performance

NYSE V opened at $374.46 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $385.57. The business has a 50-day moving average price of $363.63 and a 200-day moving average price of $333.27. The firm has a market cap of $668.20 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 2.03 and a beta of 0.76.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter last year, the company earned $2.98 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 11th. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is presently 22.79%.

Analyst Upgrades and Downgrades

V has been the subject of a number of analyst reports. Raymond James Financial restated an “outperform” rating and issued a $406.00 price target on shares of Visa in a research report on Wednesday, July 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $450.00 target price on shares of Visa in a report on Tuesday, June 2nd. Citigroup restated a “buy” rating and set a $440.00 target price (up from $400.00) on shares of Visa in a research note on Wednesday, July 29th. Clear Str raised shares of Visa to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $430.00 price target (up from $394.00) on shares of Visa in a research report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Buy” and a consensus target price of $416.62.

About Visa

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.