Kingswood Wealth Advisors LLC Grows Position in Visa Inc. (NYSE:V)

Kingswood Wealth Advisors LLC grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 47.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,139 shares of the credit-card processor's stock after purchasing an additional 7,427 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Visa were worth $8,072,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Accelerate Investment Advisors LLC lifted its stake in Visa by 12.3% in the first quarter. Accelerate Investment Advisors LLC now owns 941 shares of the credit-card processor's stock worth $330,000 after acquiring an additional 103 shares during the period. S. R. Schill & Associates purchased a new stake in Visa in the first quarter worth about $205,000. Pegasus Asset Management Inc. lifted its stake in Visa by 27.7% in the first quarter. Pegasus Asset Management Inc. now owns 958 shares of the credit-card processor's stock worth $336,000 after acquiring an additional 208 shares during the period. Hoge Financial Services LLC lifted its stake in Visa by 12.1% in the first quarter. Hoge Financial Services LLC now owns 813 shares of the credit-card processor's stock worth $285,000 after acquiring an additional 88 shares during the period. Finally, Wells Trecaso Financial Group LLC lifted its position in shares of Visa by 0.9% during the first quarter. Wells Trecaso Financial Group LLC now owns 30,243 shares of the credit-card processor's stock valued at $10,599,000 after buying an additional 275 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Evercore ISI assumed coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. Citigroup assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Barclays reissued an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Finally, The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a "neutral" rating for the company. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $372.80.

Visa Stock Performance

V traded down $2.34 during trading on Friday, reaching $338.04. 19,326,861 shares of the company's stock were exchanged, compared to its average volume of 7,073,546. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $623.73 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. The company's fifty day simple moving average is $351.69 and its 200-day simple moving average is $338.37.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.51 EPS. As a group, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction on 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 sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,098 shares of company stock valued at $36,738,526 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

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.