Frisch Financial Group Inc. Sells 1,687 Shares of Visa Inc. (NYSE:V)

Frisch Financial Group Inc. reduced its holdings in shares of Visa Inc. (NYSE:V) by 42.6% in the third quarter, Holdings Channel.com reports. The fund owned 2,271 shares of the credit-card processor’s stock after selling 1,687 shares during the quarter. Frisch Financial Group Inc.’s holdings in Visa were worth $624,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Burke & Herbert Bank & Trust Co. grew its stake in Visa by 314.4% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 3,672 shares of the credit-card processor’s stock worth $964,000 after purchasing an additional 2,786 shares in the last quarter. ORBA Wealth Advisors L.L.C. grew its position in shares of Visa by 36.2% during the 2nd quarter. ORBA Wealth Advisors L.L.C. now owns 2,338 shares of the credit-card processor’s stock worth $614,000 after buying an additional 622 shares in the last quarter. Lodestone Wealth Management LLC grew its position in shares of Visa by 1.9% during the 2nd quarter. Lodestone Wealth Management LLC now owns 7,364 shares of the credit-card processor’s stock worth $1,933,000 after buying an additional 137 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of Visa by 1.1% during the second quarter. V Square Quantitative Management LLC now owns 27,244 shares of the credit-card processor’s stock valued at $7,151,000 after buying an additional 297 shares during the period. Finally, Falcon Wealth Planning raised its holdings in shares of Visa by 10.0% in the second quarter. Falcon Wealth Planning now owns 1,318 shares of the credit-card processor’s stock valued at $346,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

V has been the topic of several recent research reports. Jefferies Financial Group increased their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Oppenheimer reissued an “outperform” rating and issued a $321.00 price objective (up previously from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Macquarie upped their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price target on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a report on Monday. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.41.

Visa Stock Down 0.9 %

Shares of V stock opened at $308.30 on Tuesday. The stock’s 50-day simple moving average is $296.38 and its 200-day simple moving average is $279.98. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $574.33 billion, a PE ratio of 31.69, a P/E/G ratio of 2.09 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $317.42.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.49 billion. During the same quarter in the prior year, the firm earned $2.33 earnings per share. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is 24.25%.

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.