Marks Group Wealth Management Inc Has $19.96 Million Stake in Visa Inc. (NYSE:V)

Marks Group Wealth Management Inc decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 56,953 shares of the credit-card processor's stock after selling 1,546 shares during the period. Visa makes up about 1.9% of Marks Group Wealth Management Inc's investment portfolio, making the stock its 5th largest position. Marks Group Wealth Management Inc's holdings in Visa were worth $19,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the first quarter valued at about $27,000. Sellwood Investment Partners LLC acquired a new position in Visa during the 4th quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. purchased a new position in Visa in the 4th quarter worth approximately $47,000. Measured Risk Portfolios Inc. purchased a new position in Visa in the 4th quarter worth approximately $47,000. Finally, Navigoe LLC acquired a new stake in Visa in the fourth quarter valued at approximately $53,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Paul D. Fabara sold 11,636 shares of the firm's 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 sale, the insider directly owned 26,413 shares in the company, valued at $9,904,875. This trade represents a 30.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa 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 sale, the general counsel directly owned 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,108 shares of company stock valued at $36,771,200. Insiders own 0.13% of the company's stock.

Visa Stock Performance

Shares of NYSE V traded up $2.52 during midday trading on Monday, hitting $350.45. The company's stock had a trading volume of 5,598,849 shares, compared to its average volume of 6,693,063. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The firm's fifty day moving average price is $356.93 and its 200-day moving average price is $342.86. The firm has a market cap of $646.63 billion, a P/E ratio of 35.22, a P/E/G ratio of 2.36 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company earned $2.51 earnings per share. The business's revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on V. Piper Sandler boosted their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Truist Financial started coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating and a $400.00 price target on the stock. Macquarie lowered their target price on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group assumed coverage on Visa in a research report on Monday, June 2nd. They set a "neutral" rating on the stock. Finally, Evercore ISI started coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.