Castleview Partners LLC Has $1.53 Million Holdings in Visa Inc. (NYSE:V)

Castleview Partners LLC cut its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 27.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,376 shares of the credit-card processor's stock after selling 1,659 shares during the period. Visa makes up about 1.0% of Castleview Partners LLC's investment portfolio, making the stock its 18th largest holding. Castleview Partners LLC's holdings in Visa were worth $1,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in V. Lakeridge Wealth Management LLC raised its stake in shares of Visa by 5.7% in the 1st quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor's stock worth $528,000 after buying an additional 81 shares in the last quarter. Blue Rock Wealth Management LLC acquired a new position in Visa during the fourth quarter worth about $306,000. Aptus Capital Advisors LLC raised its position in Visa by 19.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after acquiring an additional 30,185 shares in the last quarter. King Wealth Management Group lifted its holdings in Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after acquiring an additional 6,172 shares during the last quarter. Finally, Eagle Strategies LLC lifted its holdings in Visa by 2.5% in the 4th quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock valued at $811,000 after acquiring an additional 63 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

V has been the subject of several recent research reports. William Blair reissued an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. The Goldman Sachs Group assumed coverage on Visa in a research report on Monday, June 2nd. They set a "neutral" rating for the company. Truist Financial began coverage on Visa in a research note on Monday, June 2nd. They set a "buy" rating and a $400.00 price objective for the company. Macquarie cut their target price on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group upped their target price on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $372.80.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $2,978,899.60. Following the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $889,868.50. Following the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,098 shares of company stock valued at $36,738,526. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Down 0.7%

Shares of NYSE:V traded down $2.34 during midday trading on Friday, hitting $338.04. 19,326,861 shares of the stock were exchanged, compared to its average volume of 7,073,407. The company has a market capitalization of $623.73 billion, a PE ratio of 33.97, a P/E/G ratio of 2.29 and a beta of 0.94. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The business's fifty day simple moving average is $351.78 and its two-hundred day simple moving average is $338.54.

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

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is presently 23.72%.

Visa Company 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.