Capstone Triton Financial Group LLC Has $980,000 Position in Visa Inc. (NYSE:V)

Capstone Triton Financial Group LLC lifted its holdings in Visa Inc. (NYSE:V) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,734 shares of the credit-card processor’s stock after purchasing an additional 500 shares during the period. Capstone Triton Financial Group LLC’s holdings in Visa were worth $980,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Thames Capital Management LLC raised its holdings in Visa by 3.2% in the 2nd quarter. Thames Capital Management LLC now owns 49,469 shares of the credit-card processor’s stock worth $12,984,000 after acquiring an additional 1,548 shares during the period. Blue Whale Capital LLP grew its position in shares of Visa by 4.6% in the second quarter. Blue Whale Capital LLP now owns 203,400 shares of the credit-card processor’s stock valued at $53,386,000 after purchasing an additional 8,900 shares during the last quarter. Sei Investments Co. lifted its position in shares of Visa by 3.5% during the 2nd quarter. Sei Investments Co. now owns 1,665,218 shares of the credit-card processor’s stock worth $437,060,000 after purchasing an additional 57,034 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Visa by 5.5% during the 2nd quarter. Pacer Advisors Inc. now owns 148,785 shares of the credit-card processor’s stock worth $39,052,000 after purchasing an additional 7,807 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Visa by 2.4% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,403,208 shares of the credit-card processor’s stock valued at $368,075,000 after purchasing an additional 32,852 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on V. JPMorgan Chase & Co. lifted their price target on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Piper Sandler cut their target price on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Jefferies Financial Group reduced their price target on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $317.00 price objective on shares of Visa in a research report on Thursday, September 12th. Finally, StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $310.22.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.19% of the stock is owned by corporate insiders.

Visa Price Performance

Shares of V stock opened at $284.67 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $293.07. The firm has a market cap of $518.76 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 2.05 and a beta of 0.96. The stock has a 50-day moving average price of $270.65 and a 200 day moving average price of $273.49.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate 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 quarter in the previous year, the company earned $2.16 EPS. Visa’s revenue was up 9.6% on a year-over-year basis. Research analysts expect that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Visa Company 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.