Visa Inc. (NYSE:V) Shares Purchased by Argentarii LLC

Argentarii LLC raised its position in Visa Inc. (NYSE:V - Free Report) by 12.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,714 shares of the credit-card processor's stock after purchasing an additional 1,452 shares during the quarter. Visa comprises 2.2% of Argentarii LLC's investment portfolio, making the stock its 8th biggest position. Argentarii LLC's holdings in Visa were worth $4,456,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. purchased a new stake in shares of Visa during the first quarter worth about $27,000. Sellwood Investment Partners LLC acquired a new stake in shares of Visa in the fourth quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Visa in the fourth quarter worth approximately $47,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa in the fourth quarter worth approximately $47,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the first quarter worth approximately $54,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Down 2.3%

Shares of NYSE:V traded down $8.17 during trading on Friday, hitting $347.71. The company had a trading volume of 7,577,927 shares, compared to its average volume of 6,821,741. The company has a fifty day simple moving average of $356.93 and a two-hundred day simple moving average of $342.37. The stock has a market cap of $641.58 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm posted $2.51 EPS. Visa's revenue was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio (DPR) is currently 23.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating and a $400.00 price target on the stock. Piper Sandler boosted their target price on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Jefferies Financial Group boosted their price target on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. BMO Capital Markets upped their price target on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $372.84.

Insider Activity

In related news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock worth $36,771,200 over the last ninety days. Corporate insiders own 0.13% of the company's stock.

About Visa

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.