Annex Advisory Services LLC Grows Position in Visa Inc. (NYSE:V)

Annex Advisory Services LLC raised its position in shares of Visa Inc. (NYSE:V - Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,935 shares of the credit-card processor's stock after buying an additional 4,991 shares during the quarter. Visa comprises 1.8% of Annex Advisory Services LLC's portfolio, making the stock its 15th biggest holding. Annex Advisory Services LLC's holdings in Visa were worth $64,111,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in V. Breakwater Capital Group boosted its holdings in shares of Visa by 57.8% in the 1st quarter. Breakwater Capital Group now owns 5,268 shares of the credit-card processor's stock worth $1,846,000 after purchasing an additional 1,929 shares during the period. Retirement Planning Group LLC boosted its holdings in shares of Visa by 20.2% in the 1st quarter. Retirement Planning Group LLC now owns 3,299 shares of the credit-card processor's stock worth $1,156,000 after purchasing an additional 555 shares during the period. Salvus Wealth Management LLC boosted its holdings in shares of Visa by 1.6% in the 1st quarter. Salvus Wealth Management LLC now owns 3,293 shares of the credit-card processor's stock worth $1,154,000 after purchasing an additional 52 shares during the period. Arthur M. Cohen & Associates LLC boosted its holdings in shares of Visa by 1.2% in the 1st quarter. Arthur M. Cohen & Associates LLC now owns 9,208 shares of the credit-card processor's stock worth $3,227,000 after purchasing an additional 110 shares during the period. Finally, AMS Capital Ltda boosted its holdings in shares of Visa by 36.1% in the 1st quarter. AMS Capital Ltda now owns 39,696 shares of the credit-card processor's stock worth $13,912,000 after purchasing an additional 10,520 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

NYSE V opened at $366.67 on Friday. The company has a market cap of $676.56 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock's fifty day moving average price is $344.98 and its 200 day moving average price is $335.10. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $371.00.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company earned $2.51 earnings per share. The company's revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

Analyst Ratings Changes

V has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Jefferies Financial Group lifted their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Piper Sandler lifted their target price on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Evercore ISI began coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Finally, Truist Financial began coverage on Visa in a report on Monday. They set a "buy" rating and a $400.00 price objective for the company. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $372.80.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $194,807.49. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 14,813 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, 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. In the last ninety days, insiders sold 121,948 shares of company stock valued at $41,546,299. 0.13% of the stock is owned by insiders.

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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