GF Fund Management CO. LTD. Makes New Investment in Visa Inc. (NYSE:V)

GF Fund Management CO. LTD. acquired a new position in shares of Visa Inc. (NYSE:V - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,499 shares of the credit-card processor's stock, valued at approximately $525,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Sellwood Investment Partners LLC bought a new position in shares of Visa during the 4th quarter valued at about $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Visa during the 4th quarter worth approximately $47,000. Measured Risk Portfolios Inc. acquired a new stake in Visa during the 4th quarter worth approximately $47,000. Navigoe LLC bought a new position in Visa in the fourth quarter valued at approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa in the first quarter valued at approximately $54,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock valued at $36,771,200 over the last three months. 0.13% of the stock is owned by insiders.

Visa Price Performance

Visa stock traded down $2.21 during mid-day trading on Tuesday, reaching $354.43. 6,964,583 shares of the company were exchanged, compared to its average volume of 6,837,239. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The firm has a market cap of $653.98 billion, a PE ratio of 35.62, a PEG ratio of 2.42 and a beta of 0.92. The company has a fifty day simple moving average of $356.17 and a 200-day simple moving average of $341.92.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the company posted $2.51 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa's dividend payout ratio (DPR) is 23.72%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group increased their target price on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Macquarie reduced their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Truist Financial started coverage on Visa in a research report on Monday, June 2nd. They issued a "buy" rating and a $400.00 target price on the stock. Piper Sandler upped their price target on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $372.84.

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.