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Anchyra Partners LLC Buys New Shares in Visa Inc. $V

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Key Points

  • Anchyra Partners LLC bought a new stake in Visa in Q4, purchasing 5,056 shares valued at approximately $1.77 million.
  • Visa beat Q2 estimates with EPS of $3.31 (vs. $3.10) and revenue of $11.23B, and its board authorized a $20 billion share buyback while declaring a quarterly dividend of $0.67 per share.
  • Director Lloyd Carney sold 650 shares (a 19.53% reduction in his holding); insiders own 0.12% of the stock while institutional investors hold 82.15%, which may affect market sentiment.
  • Five stocks we like better than Visa.

Anchyra Partners LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,056 shares of the credit-card processor's stock, valued at approximately $1,773,000.

Several other hedge funds have also made changes to their positions in V. Brighton Jones LLC increased its holdings in shares of Visa by 50.1% during 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 in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after buying an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in shares of Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor's stock worth $3,834,000 after buying an additional 477 shares in the last quarter. Matrix Asset Advisors Inc. NY increased its holdings in shares of Visa by 16.9% during the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor's stock worth $402,000 after buying an additional 164 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in shares of Visa by 13.8% during the second quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor's stock worth $6,521,000 after buying an additional 2,230 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In related news, Director Lloyd Carney sold 650 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the sale, the director directly owned 2,679 shares in the company, valued at $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Visa Trading Down 0.1%

Shares of NYSE V opened at $309.34 on Wednesday. The company's fifty day moving average is $309.59 and its 200-day moving average is $327.33. The stock has a market cap of $561.51 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 1.78 and a beta of 0.80. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $375.51. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping analysts' consensus estimates of $3.10 by $0.21. The company had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $10.74 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The business's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period last year, the firm posted $2.76 earnings per share. Equities research analysts predict that Visa Inc. will post 12.84 EPS for the current year.

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

Visa Dividend Announcement

The company 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 dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa's dividend payout ratio (DPR) is currently 25.14%.

Visa News Summary

Here are the key news stories impacting Visa this week:

Wall Street Analyst Weigh In

V has been the subject of several recent analyst reports. Bank of America initiated coverage on shares of Visa in a report on Thursday, March 5th. They set a "buy" rating and a $410.00 price objective for the company. TD Cowen reaffirmed a "buy" rating on shares of Visa in a report on Friday, January 30th. Macquarie Infrastructure reaffirmed an "outperform" rating and set a $410.00 price objective on shares of Visa in a report on Friday, January 30th. Truist Financial dropped their price objective on shares of Visa from $372.00 to $361.00 and set a "buy" rating for the company in a report on Friday, April 24th. Finally, Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a report on Wednesday, January 28th. Seven analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Visa presently has a consensus rating of "Buy" and a consensus price target of $387.79.

Check Out Our Latest Research Report on V

Visa Company Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Visa (NYSE:V)

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