Free Trial

Aprio Wealth Management LLC Acquires 4,936 Shares of Visa Inc. $V

Visa logo with Business Services background
Image from MarketBeat Media, LLC.

Key Points

  • Aprio Wealth Management LLC increased its Visa stake by 60.2%, acquiring 4,936 shares to hold 13,137 shares valued at $4.607 million per its latest SEC filing.
  • Visa beat Q2 expectations, reporting $3.31 EPS and $11.23 billion in revenue, and the board authorized a new $20 billion multi-year share repurchase program while declaring a $0.67 quarterly dividend.
  • Near-term risks include a proposed ~$200 billion swipe‑fee settlement dispute and recent insider/institutional selling that could weigh on sentiment despite strong fundamentals and analyst buy ratings.
  • MarketBeat previews the top five stocks to own by May 1st.

Aprio Wealth Management LLC lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 60.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,137 shares of the credit-card processor's stock after acquiring an additional 4,936 shares during the quarter. Aprio Wealth Management LLC's holdings in Visa were worth $4,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Clayton Financial Group LLC boosted its stake in Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor's stock valued at $25,000 after purchasing an additional 58 shares during the period. PayPay Securities Corp boosted its position in shares of Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock valued at $26,000 after acquiring an additional 38 shares during the period. Parvin Asset Management LLC boosted its position in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock valued at $26,000 after acquiring an additional 50 shares during the period. Dorato Capital Management acquired a new position in Visa in the 4th quarter valued at $30,000. Finally, Imprint Wealth LLC acquired a new position in Visa in the 3rd quarter valued at $39,000. 82.15% of the stock is currently owned by institutional investors.

Insider Transactions at Visa

In other Visa news, Director Lloyd Carney sold 650 shares of the company's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares of the company's stock, valued at $829,471.98. This represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by insiders.

Visa News Roundup

Here are the key news stories impacting Visa this week:

Visa Price Performance

Visa stock opened at $309.34 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. The stock has a market capitalization of $561.51 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.80. The stock has a fifty day moving average of $309.59 and a 200-day moving average of $327.33.

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

Visa declared that its Board of Directors has initiated 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 reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa's dividend payout ratio is presently 25.14%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group dropped their price objective on Visa from $425.00 to $390.00 and set a "buy" rating for the company in a report on Tuesday, March 31st. Bank of America assumed coverage on Visa in a report on Thursday, March 5th. They issued a "buy" rating and a $410.00 price objective for the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $395.00 price objective on shares of Visa in a report on Friday, January 30th. BMO Capital Markets initiated coverage on Visa in a report on Tuesday, April 21st. They set an "outperform" rating and a $365.00 price target for the company. Finally, Macquarie Infrastructure reissued an "outperform" rating and set a $410.00 price target on shares of Visa in a report on Friday, January 30th. Seven investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $387.79.

Check Out Our Latest Stock Report on V

About Visa

(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.

Further Reading

Institutional Ownership by Quarter for Visa (NYSE:V)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Visa Right Now?

Before you consider Visa, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.

While Visa currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines