OneAscent Financial Services LLC Has $1.63 Million Stock Holdings in Visa Inc. $V

OneAscent Financial Services LLC reduced its holdings in shares of Visa Inc. (NYSE:VFree Report) by 39.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,766 shares of the credit-card processor’s stock after selling 3,074 shares during the quarter. OneAscent Financial Services LLC’s holdings in Visa were worth $1,627,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. Harbor Asset Planning Inc. bought a new stake in Visa during the 2nd quarter worth approximately $29,000. Sagard Holdings Management Inc. bought a new stake in Visa during the second quarter worth $31,000. Bare Financial Services Inc raised its position in Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 66 shares during the last quarter. Hoese & Co LLP purchased a new stake in Visa in the 2nd quarter valued at $36,000. Finally, Quaker Wealth Management LLC lifted its stake in Visa by 202.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $408.00 target price (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 price target on shares of Visa in a report on Wednesday, October 29th. Hsbc Global Res raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. KeyCorp reissued an “overweight” rating and set a $405.00 target price on shares of Visa in a research report on Wednesday, October 22nd. Finally, Evercore ISI set a $380.00 target price on Visa in a report on Friday, December 12th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $401.52.

Read Our Latest Stock Analysis on Visa

Visa Stock Performance

Shares of V stock opened at $326.01 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $593.90 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 1.92 and a beta of 0.81. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The firm’s 50-day simple moving average is $338.50 and its two-hundred day simple moving average is $342.31.

Visa (NYSE:VGet Free Report) last released its 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. The firm had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.71 EPS. As a group, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were given a $0.67 dividend. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is 26.25%.

Trending Headlines about Visa

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Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,172 shares of Visa stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the completion of the sale, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were 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 in the company, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,042 shares of company stock worth $8,247,289 over the last ninety days. 0.12% of the stock is currently owned by company insiders.

About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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