Lehman & Derafelo Financial Resources LLC Raises Stock Position in Visa Inc (NYSE:V)

Lehman & Derafelo Financial Resources LLC increased its stake in Visa Inc (NYSE:V) by 16.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,240 shares of the credit-card processor’s stock after purchasing an additional 1,007 shares during the quarter. Lehman & Derafelo Financial Resources LLC’s holdings in Visa were worth $1,399,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BEAM Asset Management LLC boosted its stake in shares of Visa by 2.0% during the 2nd quarter. BEAM Asset Management LLC now owns 2,654 shares of the credit-card processor’s stock worth $525,000 after acquiring an additional 52 shares during the last quarter. Perennial Investment Advisors LLC boosted its stake in shares of Visa by 2.6% during the 2nd quarter. Perennial Investment Advisors LLC now owns 2,023 shares of the credit-card processor’s stock worth $391,000 after acquiring an additional 52 shares during the last quarter. Trellis Advisors LLC lifted its stake in shares of Visa by 2.2% during the 2nd quarter. Trellis Advisors LLC now owns 2,419 shares of the credit-card processor’s stock valued at $467,000 after buying an additional 52 shares in the last quarter. Ironwood Investment Counsel LLC lifted its stake in shares of Visa by 1.0% during the 1st quarter. Ironwood Investment Counsel LLC now owns 5,509 shares of the credit-card processor’s stock valued at $887,000 after buying an additional 57 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of Visa by 3.7% during the 1st quarter. Laurel Wealth Advisors LLC now owns 1,588 shares of the credit-card processor’s stock valued at $256,000 after buying an additional 57 shares in the last quarter. Institutional investors own 81.41% of the company’s stock.

V has been the topic of a number of analyst reports. Goldman Sachs Group initiated coverage on shares of Visa in a research note on Tuesday, July 14th. They set a “buy” rating and a $223.00 target price on the stock. Raymond James lifted their target price on shares of Visa from $204.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup lifted their target price on shares of Visa from $205.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Oppenheimer initiated coverage on shares of Visa in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $202.00 target price on the stock. Finally, Jefferies Financial Group cut shares of Visa from a “buy” rating to a “hold” rating and lowered their target price for the company from $190.00 to $180.00 in a research note on Wednesday, April 15th. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus price target of $207.56.

Shares of Visa stock traded down $3.66 during trading hours on Friday, reaching $190.40. The company’s stock had a trading volume of 14,186,004 shares, compared to its average volume of 7,102,219. The firm has a 50 day moving average price of $194.04 and a 200-day moving average price of $187.14. Visa Inc has a one year low of $133.93 and a one year high of $214.17. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.25. The stock has a market cap of $377.15 billion, a P/E ratio of 36.07, a P/E/G ratio of 3.09 and a beta of 0.92.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. Visa had a net margin of 51.37% and a return on equity of 40.65%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the firm posted $1.37 EPS. The business’s quarterly revenue was down 18.6% on a year-over-year basis. As a group, sell-side analysts forecast that Visa Inc will post 4.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. Visa’s dividend payout ratio is presently 22.06%.

In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $195.00, for a total transaction of $1,365,000.00. Following the completion of the transaction, the chief executive officer now directly owns 130,090 shares of the company’s stock, valued at approximately $25,367,550. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rajat Taneja sold 3,279 shares of Visa stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $202.02, for a total transaction of $662,423.58. Following the transaction, the insider now directly owns 221,282 shares of the company’s stock, valued at $44,703,389.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,429 shares of company stock valued at $9,746,754. 0.19% of the stock is owned by corporate insiders.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Read More: Black Swan

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.