Barnes Dennig Private Wealth Management LLC Purchases Shares of 4,869 Visa Inc. (NYSE:V)

Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,869 shares of the credit-card processor's stock, valued at approximately $1,706,000. Visa comprises about 2.6% of Barnes Dennig Private Wealth Management LLC's investment portfolio, making the stock its 14th largest position.

Several other hedge funds have also recently modified their holdings of V. Norges Bank acquired a new stake in Visa during the 4th quarter worth $5,171,271,000. GAMMA Investing LLC lifted its stake in shares of Visa by 38,416.3% in the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after buying an additional 14,723,050 shares in the last quarter. Vanguard Group Inc. boosted its position in Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Visa during the fourth quarter worth about $1,955,403,000. Finally, Northern Trust Corp grew its stake in Visa by 18.0% during the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after acquiring an additional 2,785,707 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were 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 owned 26,413 shares of the company's stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $194,807.49. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,478 shares of company stock valued at $33,717,733. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Down 0.4%

NYSE V traded down $1.48 on Wednesday, reaching $353.99. The stock had a trading volume of 5,130,608 shares, compared to its average volume of 6,867,561. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average price of $354.48 and a two-hundred day moving average price of $340.57. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The firm has a market capitalization of $653.17 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 2.39 and a beta of 0.92.

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

Visa Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.67%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on V shares. Piper Sandler raised their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. UBS Group increased their price target on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Barclays reissued an "overweight" rating on shares of Visa in a research note on Friday, June 13th. The Goldman Sachs Group began coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating for the company. Finally, Truist Financial started 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. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Visa has an average rating of "Moderate Buy" and an average price target of $372.84.

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.