Nadler Financial Group Inc. Boosts Stock Holdings in Visa Inc. (NYSE:V)

Nadler Financial Group Inc. lifted its stake in shares of Visa Inc. (NYSE:V) by 23.1% during the third quarter, Holdings Channel reports. The fund owned 2,427 shares of the credit-card processor’s stock after acquiring an additional 455 shares during the period. Nadler Financial Group Inc.’s holdings in Visa were worth $667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. POM Investment Strategies LLC grew its stake in shares of Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 97 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Visa in the 3rd quarter valued at about $31,000. TruNorth Capital Management LLC lifted its holdings in shares of Visa by 211.9% in the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. Bbjs Financial Advisors LLC acquired a new stake in shares of Visa in the 2nd quarter valued at about $35,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new position in Visa during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on V shares. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. William Blair upgraded Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Bank of America boosted their price objective on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $317.00 price objective on shares of Visa in a research note on Thursday, September 12th. Finally, Royal Bank of Canada boosted their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $320.70.

Visa Stock Up 0.3 %

V opened at $290.74 on Friday. The business’s fifty day simple moving average is $281.00 and its 200 day simple moving average is $273.63. Visa Inc. has a 52 week low of $239.20 and a 52 week high of $296.34. The firm has a market cap of $529.82 billion, a P/E ratio of 29.88, a PEG ratio of 1.94 and a beta of 0.95. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the business posted $2.33 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Visa Inc. will post 11.17 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is 21.38%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

About Visa

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.