Visa Inc. (NYSE:V) Stock Position Decreased by Leo Wealth LLC

Leo Wealth LLC reduced its stake in shares of Visa Inc. (NYSE:V - Free Report) by 33.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,271 shares of the credit-card processor's stock after selling 2,666 shares during the quarter. Leo Wealth LLC's holdings in Visa were worth $1,847,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. von Borstel & Associates Inc. bought a new position in shares of Visa in the first quarter worth $27,000. Sellwood Investment Partners LLC bought a new position in shares of Visa in the fourth quarter worth $41,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Visa in the fourth quarter worth $47,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa in the fourth quarter worth $47,000. Finally, Navigoe LLC bought a new position in shares of Visa in the fourth quarter worth $53,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the 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 sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction dated 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 sale, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,108 shares of company stock valued at $36,771,200. Corporate insiders own 0.13% of the company's stock.

Visa Trading Up 0.8%

Shares of NYSE V traded up $2.81 during mid-day trading on Wednesday, hitting $349.83. 5,541,856 shares of the company traded hands, compared to its average volume of 6,800,504. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The stock has a market capitalization of $645.50 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 2.35 and a beta of 0.92. 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 business has a 50 day moving average of $356.94 and a two-hundred day moving average of $343.16.

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 the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during 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%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.51 EPS. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm 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. This represents a $2.36 annualized dividend 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%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Truist Financial assumed coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating and a $400.00 price target for the company. The Goldman Sachs Group began coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating for the company. William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Finally, Mizuho raised Visa from a "neutral" rating to an "outperform" rating and raised their target price for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and an average 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.