Creative Capital Management Investments LLC Sells 1,102 Shares of Visa Inc. (NYSE:V)

Creative Capital Management Investments LLC reduced its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 78.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 298 shares of the credit-card processor's stock after selling 1,102 shares during the period. Creative Capital Management Investments LLC's holdings in Visa were worth $104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Optivise Advisory Services LLC lifted its stake in shares of Visa by 11.2% during the 1st quarter. Optivise Advisory Services LLC now owns 1,444 shares of the credit-card processor's stock worth $506,000 after acquiring an additional 146 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its stake in shares of Visa by 3.7% during the 1st quarter. Birch Hill Investment Advisors LLC now owns 9,119 shares of the credit-card processor's stock worth $3,196,000 after acquiring an additional 325 shares during the last quarter. Bell Bank lifted its stake in shares of Visa by 0.5% during the 1st quarter. Bell Bank now owns 14,470 shares of the credit-card processor's stock worth $5,071,000 after acquiring an additional 69 shares during the last quarter. Insigneo Advisory Services LLC raised its position in Visa by 1.6% during the 1st quarter. Insigneo Advisory Services LLC now owns 24,710 shares of the credit-card processor's stock valued at $8,660,000 after purchasing an additional 397 shares in the last quarter. Finally, NBT Bank N A NY raised its position in Visa by 1.8% during the 1st quarter. NBT Bank N A NY now owns 17,217 shares of the credit-card processor's stock valued at $6,034,000 after purchasing an additional 309 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group lifted their target price on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research report on Friday, March 21st. Piper Sandler lifted their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Jefferies Financial Group boosted their price target on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, Macquarie reduced their price target on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. 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. According to data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $372.80.

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 completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 101,098 shares of company stock valued at $36,738,526 over the last quarter. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

NYSE V opened at $357.89 on Wednesday. The stock has a market capitalization of $660.37 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 2.39 and a beta of 0.94. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $351.22 and a 200 day moving average of $338.19.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm earned $2.51 earnings per share. The business's revenue was up 9.3% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's payout ratio is currently 23.72%.

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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