1,286 Shares in Visa Inc. (NYSE:V) Acquired by MBE Wealth Management LLC

MBE Wealth Management LLC bought a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,286 shares of the credit-card processor's stock, valued at approximately $451,000.

Several other large investors also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC grew its stake in Visa by 0.3% during the 1st quarter. Wolff Wiese Magana LLC now owns 12,802 shares of the credit-card processor's stock valued at $4,487,000 after acquiring an additional 40 shares in the last quarter. Cassia Capital Partners LLC boosted its holdings in shares of Visa by 4.1% during the first quarter. Cassia Capital Partners LLC now owns 3,736 shares of the credit-card processor's stock worth $1,309,000 after purchasing an additional 147 shares during the period. Avantra Family Wealth Inc. grew its position in Visa by 1.2% during the first quarter. Avantra Family Wealth Inc. now owns 4,810 shares of the credit-card processor's stock valued at $1,686,000 after purchasing an additional 59 shares in the last quarter. EWA LLC grew its position in Visa by 11.9% during the first quarter. EWA LLC now owns 2,530 shares of the credit-card processor's stock valued at $887,000 after purchasing an additional 269 shares in the last quarter. Finally, LVZ Inc. increased its stake in Visa by 3.9% in the 1st quarter. LVZ Inc. now owns 3,765 shares of the credit-card processor's stock valued at $1,320,000 after buying an additional 143 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Down 0.7%

V stock opened at $338.04 on Monday. The stock has a market capitalization of $623.73 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94. The company has a 50-day moving average of $351.78 and a two-hundred day moving average of $338.94. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 EPS. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. Visa's dividend payout ratio is 23.72%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on V shares. Citigroup assumed coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating for the company. Piper Sandler lifted their price objective on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Evercore ISI assumed coverage on Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Finally, Truist Financial initiated coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 price target for the company. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $372.80.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 14,813 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the transaction, the insider now owns 26,413 shares in the company, valued at $9,377,671.52. This represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,098 shares of company stock worth $36,738,526. Insiders own 0.13% of the company's stock.

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.

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