Visa Inc. (NYSE:V) Shares Bought by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 3,263.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 440,386 shares of the credit-card processor's stock after purchasing an additional 427,291 shares during the period. Visa comprises 4.0% of Cohen Investment Advisors LLC's portfolio, making the stock its 9th largest position. Cohen Investment Advisors LLC's holdings in Visa were worth $154,338,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new stake in Visa in the fourth quarter valued at $35,000. Sellwood Investment Partners LLC acquired a new stake in shares of Visa during the fourth quarter worth $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Visa during the fourth quarter worth $47,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa during the fourth quarter worth $47,000. Finally, Navigoe LLC acquired a new stake in shares of Visa during the fourth quarter worth $53,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $194,807.49. This represents a 94.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 92,478 shares of company stock valued at $33,717,733. 0.13% of the stock is owned by insiders.

Visa Price Performance

V traded up $0.36 on Tuesday, reaching $355.41. The company had a trading volume of 6,651,559 shares, compared to its average volume of 6,878,808. The company has a fifty day moving average of $354.01 and a 200-day moving average of $340.47. The company has a market capitalization of $655.79 billion, a P/E ratio of 35.72, a PEG ratio of 2.34 and a beta of 0.94. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a one year low of $252.70 and a one year high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. Visa's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.51 EPS. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current 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 issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Analyst Ratings Changes

V has been the topic of a number of research reports. Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. The Goldman Sachs Group initiated coverage on shares of Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. Piper Sandler increased their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Truist Financial initiated coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 target price on the stock. Finally, Citigroup initiated coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.80.

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.