Farther Finance Advisors LLC Acquires 9,881 Shares of Visa Inc. (NYSE:V)

Farther Finance Advisors LLC boosted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 27.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,067 shares of the credit-card processor's stock after acquiring an additional 9,881 shares during the quarter. Farther Finance Advisors LLC's holdings in Visa were worth $15,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of V. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the 4th quarter valued at about $27,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. FPC Investment Advisory Inc. boosted its position in shares of Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after purchasing an additional 83 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new stake in shares of Visa in the 4th quarter worth approximately $35,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,807.49. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 179,798 shares of company stock worth $63,008,979 in the last quarter. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on V shares. Evercore ISI initiated coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Truist Financial started coverage on Visa in a research report on Monday, June 2nd. They issued a "buy" rating and a $400.00 price objective on the stock. William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $372.80.

Visa Trading Down 0.6%

Shares of Visa stock traded down $2.20 during trading on Thursday, hitting $371.11. The stock had a trading volume of 4,868,166 shares, compared to its average volume of 6,998,405. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm's fifty day simple moving average is $347.68 and its 200-day simple moving average is $336.77. The stock has a market cap of $684.76 billion, a PE ratio of 37.41, a PEG ratio of 2.33 and a beta of 0.94.

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 analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company posted $2.51 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is currently 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.