Consolidated Investment Group LLC Has $8.17 Million Stock Holdings in Visa Inc. (NYSE:V)

Consolidated Investment Group LLC cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 4.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,320 shares of the credit-card processor's stock after selling 980 shares during the period. Visa makes up about 1.3% of Consolidated Investment Group LLC's holdings, making the stock its 16th biggest position. Consolidated Investment Group LLC's holdings in Visa were worth $8,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa during the fourth quarter valued at $27,000. Compass Planning Associates Inc purchased a new position in shares of Visa during the fourth quarter valued at $32,000. NewSquare Capital LLC purchased a new position in Visa in the fourth quarter valued at about $35,000. FPC Investment Advisory Inc. grew its stake in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares in the last quarter. Finally, Sellwood Investment Partners LLC purchased a new position in Visa in the fourth quarter valued at about $41,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the company's 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 sale, the insider now directly owns 26,413 shares in the company, valued at approximately $9,904,875. This represents a 30.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $185,576.46. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,098 shares of company stock valued at $36,738,526 in the last quarter. Corporate insiders own 0.13% of the company's stock.

Visa Price Performance

NYSE V opened at $338.04 on Monday. Visa Inc. has a twelve month low of $252.70 and a twelve month 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 stock has a market capitalization of $623.73 billion, a PE ratio of 33.97, a P/E/G ratio of 2.28 and a beta of 0.94. The stock has a 50-day simple moving average of $351.78 and a 200 day simple moving average of $338.94.

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 for the quarter, topping 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 business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the previous year, the firm earned $2.51 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company 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. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa's dividend payout ratio (DPR) is 23.72%.

Analysts Set New Price Targets

V has been the topic of a number of recent research reports. UBS Group boosted their target price on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Piper Sandler boosted their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Evercore ISI initiated coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.80.

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.

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