Allium Financial Advisors LLC Buys Shares of 1,522 Visa Inc. (NYSE:V)

Key Points

• Allium Financial Advisors LLC has acquired a new stake in Visa Inc., purchasing 1,522 shares valued at approximately $533,000 in the first quarter.
• GAMMA Investing LLC significantly increased its stake in Visa by 38,416.3%, now owning over 14.7 million shares valued at $5.17 billion.
• Visa's recent quarterly earnings reported an EPS of $2.76, surpassing expectations, while the company also declared a quarterly dividend of $0.59.

Allium Financial Advisors LLC acquired a new position in shares of Visa Inc. (NYSE:V - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,522 shares of the credit-card processor's stock, valued at approximately $533,000.

A number of other hedge funds have also recently bought and sold shares of V. Brighton Jones LLC increased its position in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after buying an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after purchasing an additional 4,817 shares during the last quarter. Providence Capital Advisors LLC boosted its holdings in Visa by 34.1% during the 4th quarter. Providence Capital Advisors LLC now owns 866 shares of the credit-card processor's stock valued at $274,000 after acquiring an additional 220 shares during the period. New Age Alpha Advisors LLC lifted its holdings in Visa by 44,126.7% in the 4th quarter. New Age Alpha Advisors LLC now owns 33,170 shares of the credit-card processor's stock worth $10,483,000 after buying an additional 33,095 shares during the period. Finally, Broadway Wealth Solutions Inc. purchased a new stake in Visa in the 4th quarter worth approximately $419,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel owned 11,925 shares of the company's stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock worth $36,771,200 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

Visa Stock Down 0.0%

V stock traded down $0.12 during trading on Wednesday, hitting $351.17. 6,719,360 shares of the company's stock were exchanged, compared to its average volume of 6,562,838. The business has a 50-day moving average price of $355.76 and a two-hundred day moving average price of $345.83. The stock has a market capitalization of $647.96 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 2.40 and a beta of 0.92. Visa Inc. has a 52-week low of $254.51 and a 52-week high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the prior year, the company earned $2.42 earnings per share. Visa's revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on V. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating for the company. Truist Financial reduced their target price on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Finally, Piper Sandler raised their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $377.16.

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.