Visa Inc. (NYSE:V) Holdings Boosted by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC grew its stake in Visa Inc. (NYSE:V - Free Report) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,474 shares of the credit-card processor's stock after acquiring an additional 854 shares during the quarter. Joel Isaacson & Co. LLC's holdings in Visa were worth $2,970,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. NewSquare Capital LLC acquired a new stake in shares of Visa during the fourth quarter worth $35,000. Sellwood Investment Partners LLC purchased a new position in Visa during the fourth quarter worth about $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in Visa in the 4th quarter worth about $47,000. Measured Risk Portfolios Inc. purchased a new stake in Visa in the 4th quarter valued at about $47,000. Finally, Navigoe LLC purchased a new position in shares of Visa during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on V shares. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. UBS Group upped their price objective on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research report on Friday, March 21st. Citigroup initiated coverage on Visa in a research note on Monday, June 2nd. They set a "buy" rating for the company. Finally, Piper Sandler lifted their price objective on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $372.80.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was 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 directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the sale, the chief executive officer owned 537 shares in the company, valued at $194,807.49. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,098 shares of company stock worth $36,738,526. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Up 1.9%

NYSE V traded up $6.49 during mid-day trading on Monday, reaching $355.10. 7,077,777 shares of the company's stock traded hands, compared to its average volume of 6,879,707. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The company has a fifty day simple moving average of $353.30 and a 200-day simple moving average of $340.19. The company has a market cap of $655.22 billion, a price-to-earnings ratio of 35.69, a P/E/G ratio of 2.34 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is currently 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.