Mpwm Advisory Solutions LLC purchased a new stake in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,455 shares of the credit-card processor's stock, valued at approximately $776,000. Visa accounts for about 0.6% of Mpwm Advisory Solutions LLC's investment portfolio, making the stock its 27th largest position.
A number of other hedge funds have also recently bought and sold shares of V. Riverstone Advisors LLC acquired a new stake in shares of Visa during the 4th quarter worth about $217,000. Blue Rock Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter worth about $306,000. Aptus Capital Advisors LLC increased its position in shares of Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after purchasing an additional 30,185 shares in the last quarter. Journey Strategic Wealth LLC increased its position in shares of Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares in the last quarter. Finally, King Wealth Management Group increased its position in shares of Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after purchasing an additional 6,172 shares in the last quarter. 82.15% of the stock is owned by institutional investors.
Visa Stock Up 0.7%
Shares of NYSE V opened at $367.76 on Tuesday. The stock has a market cap of $678.58 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.33 and a beta of 0.96. The firm has a 50 day moving average price of $339.28 and a 200 day moving average price of $330.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.51 earnings per share. Analysts expect that Visa Inc. will post 11.3 EPS for the current year.
Visa Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler raised their price objective on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group raised their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, UBS Group lowered their price objective on shares of Visa from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $362.38.
Get Our Latest Stock Report on Visa
Insider Activity at Visa
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $194,931. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $9,377,671.52. The trade was a 35.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is currently owned by company insiders.
Visa Profile
(
Free Report)
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.
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