J.Safra Asset Management Corp Purchases 768 Shares of Visa Inc. (NYSE:V)

J.Safra Asset Management Corp increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,154 shares of the credit-card processor's stock after buying an additional 768 shares during the period. J.Safra Asset Management Corp's holdings in Visa were worth $1,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC bought a new stake in shares of Visa in the fourth quarter valued at approximately $35,000. Sellwood Investment Partners LLC acquired a new position in Visa during the 4th quarter valued at $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Visa in the 4th quarter valued at $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa in the 4th quarter valued at $47,000. Finally, Navigoe LLC acquired a new stake in Visa in the 4th quarter worth $53,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, valued at $185,576.46. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,478 shares of company stock valued at $33,717,733. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. Citigroup began coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. UBS Group boosted their price target on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Truist Financial assumed coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating and a $400.00 price target for the company. Barclays reissued an "overweight" rating on shares of Visa in a report on Friday, June 13th. Finally, William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Five investment 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $372.84.

Visa Price Performance

NYSE:V traded down $1.48 on Wednesday, reaching $353.99. The stock had a trading volume of 5,130,608 shares, compared to its average volume of 6,867,561. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $653.17 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.39 and a beta of 0.92. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The stock has a fifty day moving average price of $354.48 and a 200-day moving average price of $340.57.

Visa (NYSE:V - Get Free Report) last announced its earnings results 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 business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. Visa's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.51 EPS. Research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

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.