Ibex Wealth Advisors grew its position in Visa Inc. (NYSE:V - Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,680 shares of the credit-card processor's stock after purchasing an additional 3,307 shares during the quarter. Visa comprises approximately 2.1% of Ibex Wealth Advisors' investment portfolio, making the stock its 9th biggest holding. Ibex Wealth Advisors' holdings in Visa were worth $16,009,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the business. Blue Rock Wealth Management LLC purchased a new position in shares of Visa in the fourth quarter worth about $306,000. Aptus Capital Advisors LLC raised its position in Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after buying an additional 30,185 shares during the last quarter. King Wealth Management Group raised its position in Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after buying an additional 6,172 shares during the last quarter. Eagle Strategies LLC lifted its stake in Visa by 2.5% during the 4th quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock valued at $811,000 after acquiring an additional 63 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Visa in the 4th quarter valued at $10,163,000. 82.15% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares in the company, valued at $188,186.28. This trade represents a 94.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,448 shares of company stock worth $50,133,659. 0.13% of the stock is owned by corporate insiders.
Visa Price Performance
Shares of NYSE V traded down $18.65 during mid-day trading on Friday, reaching $352.75. The company's stock had a trading volume of 14,176,249 shares, compared to its average volume of 7,024,855. The stock has a 50-day moving average of $348.87 and a two-hundred day moving average of $337.17. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $650.87 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the firm earned $2.51 EPS. Visa's quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a dividend of $0.59 per share. 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 0.67%. Visa's payout ratio is 23.72%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on V shares. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. BMO Capital Markets lifted their price objective on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group boosted their price objective on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Evercore ISI began coverage on Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price on the stock. Finally, Oppenheimer reiterated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Five equities research 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $372.80.
View Our Latest Stock Analysis on V
Visa Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
