Generali Investments Management Co LLC Buys 825 Shares of Visa Inc. (NYSE:V)

Generali Investments Management Co LLC grew its position in shares of Visa Inc. (NYSE:V - Free Report) by 18.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,264 shares of the credit-card processor's stock after acquiring an additional 825 shares during the quarter. Generali Investments Management Co LLC's holdings in Visa were worth $1,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in V. Signal Advisors Wealth LLC increased its position in shares of Visa by 23.1% during the first quarter. Signal Advisors Wealth LLC now owns 21,383 shares of the credit-card processor's stock valued at $7,493,000 after acquiring an additional 4,007 shares during the last quarter. Ullmann Wealth Partners Group LLC grew its stake in Visa by 17.2% in the 1st quarter. Ullmann Wealth Partners Group LLC now owns 1,552 shares of the credit-card processor's stock valued at $544,000 after purchasing an additional 228 shares during the period. Foster Group Inc. increased its position in shares of Visa by 25.7% during the 1st quarter. Foster Group Inc. now owns 3,236 shares of the credit-card processor's stock valued at $1,134,000 after purchasing an additional 661 shares during the last quarter. Vest Financial LLC raised its stake in shares of Visa by 25.5% during the 1st quarter. Vest Financial LLC now owns 141,927 shares of the credit-card processor's stock worth $49,740,000 after purchasing an additional 28,870 shares during the period. Finally, Annex Advisory Services LLC boosted its holdings in shares of Visa by 2.8% in the 1st quarter. Annex Advisory Services LLC now owns 182,935 shares of the credit-card processor's stock worth $64,111,000 after buying an additional 4,991 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on V. Citigroup started coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $359.00 to $425.00 in a report on Thursday. Finally, Oppenheimer reissued an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $372.80.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,807.49. This represents a 94.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 168,162 shares of company stock valued at $58,645,479 in the last quarter. Insiders own 0.13% of the company's stock.

Visa Price Performance

NYSE V traded up $3.67 during trading on Friday, reaching $370.44. The company's stock had a trading volume of 5,007,822 shares, compared to its average volume of 7,022,138. The firm has a fifty day moving average of $345.45 and a 200 day moving average of $335.70. Visa Inc. has a one year low of $252.70 and a one year high of $371.00. The stock has a market capitalization of $683.52 billion, a PE ratio of 37.34, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa's revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.51 earnings per share. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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