Sendero Wealth Management LLC Has $4.91 Million Position in Visa Inc. (NYSE:V)

Sendero Wealth Management LLC grew its position in shares of Visa Inc. (NYSE:V) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,840 shares of the credit-card processor’s stock after acquiring an additional 1,413 shares during the quarter. Visa accounts for approximately 0.8% of Sendero Wealth Management LLC’s portfolio, making the stock its 29th largest holding. Sendero Wealth Management LLC’s holdings in Visa were worth $4,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Visionary Wealth Advisors grew its stake in Visa by 3.9% during the fourth quarter. Visionary Wealth Advisors now owns 4,685 shares of the credit-card processor’s stock valued at $1,220,000 after acquiring an additional 177 shares in the last quarter. Caxton Associates LP bought a new position in shares of Visa in the fourth quarter worth approximately $2,601,000. First Financial Bankshares Inc bought a new stake in shares of Visa in the 4th quarter worth approximately $1,222,000. Garner Asset Management Corp bought a new stake in shares of Visa during the 4th quarter valued at about $103,000. Finally, Point72 Europe London LLP purchased a new stake in shares of Visa in the 4th quarter worth about $672,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

V has been the subject of a number of research analyst reports. Evercore ISI reduced their price target on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Jefferies Financial Group decreased their target price on Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Compass Point started coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective for the company. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $312.04.

Visa Trading Down 0.0 %

Shares of Visa stock traded down $0.11 during mid-day trading on Thursday, hitting $276.82. The stock had a trading volume of 1,405,214 shares, compared to its average volume of 7,126,936. The firm has a market cap of $506.29 billion, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. Visa Inc. has a 12-month low of $228.03 and a 12-month high of $293.07. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $273.71 and a two-hundred day moving average of $272.71.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter last year, the company posted $2.16 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Sell-side analysts forecast that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, August 9th. Visa’s payout ratio is currently 23.24%.

Insider Activity at Visa

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

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.