Visa Inc. $V Shares Bought by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its stake in Visa Inc. by 18.1%, acquiring an additional 61,463 shares, bringing its total holdings to 401,537 shares valued at approximately $140.7 million.
• Several analysts have raised their target prices for Visa, with Jefferies setting a target at $410 and Mizuho at $425, supported by a consensus rating of "Moderate Buy".
• Visa recently announced a quarterly dividend of $0.59 per share, translating to an annualized yield of 0.7% and a payout ratio of 23.05%.

Focus Partners Wealth increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 18.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 401,537 shares of the credit-card processor's stock after purchasing an additional 61,463 shares during the quarter. Focus Partners Wealth's holdings in Visa were worth $140,723,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Brighton Jones LLC grew its holdings in Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after buying an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after buying an additional 4,817 shares during the last quarter. LMR Partners LLP acquired a new stake in Visa during the 4th quarter valued at $2,467,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Visa by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,924 shares of the credit-card processor's stock valued at $72,033,000 after buying an additional 12,298 shares during the last quarter. Finally, Minot DeBlois Advisors LLC purchased a new stake in Visa during the 4th quarter worth about $67,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays reiterated an "overweight" rating and set a $408.00 price objective (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Citigroup assumed coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Macquarie lifted their price objective on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Jefferies Financial Group lifted their price objective on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, Truist Financial dropped their price objective on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $385.96.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction 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 in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The shares were 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 owned 11,925 shares in the company, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Trading Up 1.5%

V traded up $5.16 during trading on Thursday, hitting $343.28. The company's stock had a trading volume of 5,152,779 shares, compared to its average volume of 4,970,029. The firm's 50 day moving average price is $347.41 and its 200-day moving average price is $347.03. 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 stock has a market cap of $629.16 billion, a PE ratio of 33.52, a PEG ratio of 2.25 and a beta of 0.92. Visa Inc. has a twelve month low of $268.23 and a twelve month high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.Visa's revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 EPS. On average, analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's dividend payout ratio (DPR) is 23.05%.

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.