AMJ Financial Wealth Management Sells 5,350 Shares of Visa Inc. $V

Key Points

• AMJ Financial Wealth Management cut its Visa stake by 46.7% in the fourth quarter, selling 5,350 shares and leaving it with 6,109 shares worth about $2.14 million.
• Visa reported strong quarterly results, with EPS of $3.31 beating estimates and revenue of $11.23 billion topping expectations. Revenue rose 17.1% year over year.
• Analysts remain upbeat on Visa, with a consensus rating of Buy and an average price target of $387.67. The company also announced a $20 billion share repurchase program and a quarterly dividend of $0.67 per share.

AMJ Financial Wealth Management trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 46.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,109 shares of the credit-card processor's stock after selling 5,350 shares during the period. AMJ Financial Wealth Management's holdings in Visa were worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Patron Partners LLC lifted its position in shares of Visa by 0.6% during the third quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor's stock worth $1,587,000 after acquiring an additional 30 shares in the last quarter. MTM Investment Management LLC lifted its position in shares of Visa by 0.9% during the third quarter. MTM Investment Management LLC now owns 3,344 shares of the credit-card processor's stock worth $1,142,000 after acquiring an additional 30 shares in the last quarter. High Note Wealth LLC lifted its position in shares of Visa by 6.8% during the third quarter. High Note Wealth LLC now owns 474 shares of the credit-card processor's stock worth $162,000 after acquiring an additional 30 shares in the last quarter. Beacon Capital Management LLC lifted its position in shares of Visa by 2.0% during the third quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor's stock worth $526,000 after acquiring an additional 30 shares in the last quarter. Finally, Chapman Financial Group LLC lifted its position in shares of Visa by 0.9% during the third quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor's stock worth $1,096,000 after acquiring an additional 30 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

V has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $415.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $400.00 price objective on shares of Visa in a research report on Wednesday, April 29th. TD Cowen reiterated a "buy" rating on shares of Visa in a research report on Friday, January 30th. Bank of America initiated coverage on Visa in a research report on Thursday, March 5th. They issued a "buy" rating and a $410.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $395.00 price objective on shares of Visa in a research report on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of "Buy" and an average target price of $387.67.

Visa Stock Up 0.9%

NYSE V opened at $325.42 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $583.73 billion, a PE ratio of 28.35, a PEG ratio of 1.72 and a beta of 0.78. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $375.51. The business's 50-day moving average is $311.20 and its 200 day moving average is $325.89.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.21. The company had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.Visa's quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the firm earned $2.76 earnings per share. Sell-side analysts forecast that Visa Inc. will post 13.09 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa's payout ratio is currently 23.34%.

Visa declared that its Board of Directors has authorized a share repurchase program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Trump said he urged China to open its credit card market more to Visa, raising hopes for future international growth if market access improves. Reuters related coverage
• Positive Sentiment: Visa is expanding digital identity and card activation tools, while also launching AI-powered fan intelligence capabilities, reinforcing its innovation and product-growth story. Visa Links Tap Identity And AI Fan Data To Its Growth Story
• Positive Sentiment: Recent commentary highlighted strong spending trends and digital payments adoption, which generally support transaction volume for Visa’s network. Credit Card Charges Show This Glaring Divergence With The Economy
• Neutral Sentiment: Visa CFO Chris Suh sold shares in a disclosed insider transaction, which may slightly pressure sentiment but does not change the company’s operating outlook. SEC Form 4 filing
• Negative Sentiment: Separate news about delays in U.S. green-card processing and Hungary’s visa-worker policy are mostly unrelated to Visa Inc.’s business and should have limited direct impact on the stock. US Delays Green Card Processing For Indians In Key Visa Categories

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 650 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director directly owned 2,679 shares of the company's stock, valued at $829,471.98. The trade was a 19.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 31,455 shares of the business's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,744 shares of company stock valued at $14,356,010 in the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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