Visa Inc. (NYSE:V) Shares Purchased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC boosted its position in Visa Inc. (NYSE:V) by 3.1% in the second quarter, HoldingsChannel.com reports. The firm owned 19,359 shares of the credit-card processor’s stock after purchasing an additional 575 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Visa were worth $5,081,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new stake in shares of Visa during the 2nd quarter valued at $252,000. Embree Financial Group lifted its position in shares of Visa by 7.4% during the 2nd quarter. Embree Financial Group now owns 1,299 shares of the credit-card processor’s stock valued at $341,000 after acquiring an additional 90 shares during the last quarter. United Asset Strategies Inc. lifted its position in shares of Visa by 28.5% during the 2nd quarter. United Asset Strategies Inc. now owns 14,362 shares of the credit-card processor’s stock valued at $3,770,000 after acquiring an additional 3,181 shares during the last quarter. PrairieView Partners LLC lifted its position in shares of Visa by 47.5% during the 2nd quarter. PrairieView Partners LLC now owns 1,357 shares of the credit-card processor’s stock valued at $356,000 after acquiring an additional 437 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in shares of Visa by 1.1% during the 2nd quarter. Crestwood Advisors Group LLC now owns 342,670 shares of the credit-card processor’s stock valued at $89,942,000 after acquiring an additional 3,802 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Trading Up 0.7 %

Visa stock opened at $276.37 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $503.63 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 1.95 and a beta of 0.96. Visa Inc. has a one year low of $227.78 and a one year high of $290.96. The company’s fifty day moving average price is $265.70 and its two-hundred day moving average price is $273.05.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. During the same period in the prior year, the company earned $2.16 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts forecast that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. TD Cowen cut their price objective on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price objective on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Citigroup cut their target price on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI cut their target price on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Jefferies Financial Group cut their target price on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $308.50.

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.