6,597 Shares in Visa Inc. $V Bought by Hansen & Associates Financial Group Inc.

Key Points

• Hansen & Associates Financial Group Inc. acquired 6,597 shares of Visa Inc., valued at approximately $2.3 million, making Visa about 1.2% of their investment portfolio.
• Insider selling occurred as Visa's General Counsel and CEO sold a combined total of over 12,500 shares, significantly reducing their ownership stakes.
• Visa's latest quarterly earnings showed a profit of $2.98 per share, surpassing the expected $2.85, alongside a revenue increase of 14.3% year-over-year.

Hansen & Associates Financial Group Inc. bought a new position in shares of Visa Inc. (NYSE:V - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,597 shares of the credit-card processor's stock, valued at approximately $2,300,000. Visa comprises approximately 1.2% of Hansen & Associates Financial Group Inc.'s investment portfolio, making the stock its 7th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Keystone Global Partners LLC acquired a new position in Visa in the first quarter valued at about $26,000. von Borstel & Associates Inc. purchased a new stake in Visa during the first quarter worth about $27,000. Family Legacy Financial Solutions LLC purchased a new stake in Visa during the second quarter worth about $28,000. Cranbrook Wealth Management LLC increased its stake in Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock worth $32,000 after purchasing an additional 41 shares during the period. Finally, 1 North Wealth Services LLC purchased a new stake in Visa during the first quarter worth about $38,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the transaction, the chief executive officer owned 537 shares of the company's stock, valued at approximately $183,815.10. This represents a 95.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on V shares. Erste Group Bank lowered shares of Visa from a "buy" rating to a "hold" rating in a research note on Monday, September 22nd. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Macquarie upped their price target on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Oppenheimer increased their price objective on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Truist Financial decreased their price objective on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $385.96.

Visa Trading Down 0.5%

NYSE:V opened at $345.97 on Friday. The stock has a fifty day moving average price of $343.92 and a two-hundred day moving average price of $346.60. The stock has a market capitalization of $634.09 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 2.06 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 1 year low of $273.24 and a 1 year high of $375.51.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.Visa's revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.42 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio is presently 23.05%.

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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