AQR Capital Management LLC grew its position in shares of Visa Inc. (NYSE:V - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,219,947 shares of the credit-card processor's stock after purchasing an additional 189,629 shares during the quarter. AQR Capital Management LLC owned 0.07% of Visa worth $412,928,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Keystone Global Partners LLC acquired a new position in shares of Visa in the 1st quarter worth $26,000. von Borstel & Associates Inc. acquired a new position in shares of Visa in the 1st quarter worth $27,000. 1 North Wealth Services LLC acquired a new position in shares of Visa in the 1st quarter worth $38,000. Measured Risk Portfolios Inc. acquired a new position in shares of Visa in the 4th quarter worth $47,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 1st quarter worth $54,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Visa
In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider directly owned 26,413 shares of the company's stock, valued at $9,904,875. This represents a 30.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,293 shares of company stock worth $8,114,295. 0.13% of the stock is owned by corporate insiders.
Visa Stock Down 0.2%
Shares of V traded down $0.64 during trading hours on Thursday, hitting $350.23. 4,322,638 shares of the company were exchanged, compared to its average volume of 5,283,867. The company has a market cap of $641.89 billion, a PE ratio of 34.20, a PEG ratio of 2.34 and a beta of 0.92. The firm's 50 day moving average is $348.63 and its 200-day moving average is $347.36. Visa Inc. has a 52 week low of $268.23 and a 52 week high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The firm's revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.42 EPS. On average, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's dividend payout ratio is 23.05%.
Analysts Set New Price Targets
V has been the topic of a number of recent research reports. UBS Group restated a "buy" rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Morgan Stanley lifted their price target on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Jefferies Financial Group lifted their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Truist Financial lowered their price target on Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Finally, Oppenheimer lifted their price target on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $385.96.
Read Our Latest Analysis on V
About Visa
(
Free Report)
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.
Further Reading
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
