CreativeOne Wealth LLC Grows Position in Visa Inc. $V

Key Points

• CreativeOne Wealth LLC increased its holdings in Visa Inc. by 13.6%, acquiring an additional 2,745 shares, amounting to a total ownership of 22,953 shares valued at approximately $8.04 million.
• Visa's CEO Ryan Mcinerney and insider Paul D. Fabara sold a combined total of 54,844 shares recently, significantly reducing their ownership percentages in the company.
• Visa reported a quarterly earnings of $2.98 per share, surpassing analysts' expectations, alongside an announcement of a $0.59 quarterly dividend that is set for distribution on September 2nd.

CreativeOne Wealth LLC lifted its position in Visa Inc. (NYSE:V - Free Report) by 13.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,953 shares of the credit-card processor's stock after acquiring an additional 2,745 shares during the quarter. CreativeOne Wealth LLC's holdings in Visa were worth $8,044,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Keystone Global Partners LLC bought a new stake in shares of Visa in the 1st quarter worth about $26,000. von Borstel & Associates Inc. bought a new stake in Visa during the 1st quarter valued at about $27,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the 4th quarter valued at about $47,000. Navigoe LLC bought a new stake in Visa during the 4th quarter valued at about $53,000. Finally, O Brien Wealth Partners LLC bought a new stake in Visa during the 1st quarter valued at about $54,000. Institutional investors own 82.15% of the company's stock.

Visa Stock Down 0.1%

NYSE V traded down $0.25 during trading on Thursday, reaching $350.10. 4,987,056 shares of the company's stock traded hands, compared to its average volume of 6,288,815. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $641.65 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company's 50 day simple moving average is $348.07 and its two-hundred day simple moving average is $347.44. Visa Inc. has a 12-month low of $268.23 and a 12-month high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the previous year, the firm earned $2.42 EPS. The company's quarterly revenue was up 14.3% 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa's payout ratio is presently 23.05%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. The trade was a 94.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,127 shares of company stock valued at $28,340,553 in the last 90 days. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Morgan Stanley lifted their price objective on shares of Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. UBS Group reiterated a "buy" rating and set a $415.00 price objective (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. Finally, Citigroup initiated coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Visa has an average rating of "Moderate Buy" and an average price target of $380.84.

About Visa

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.