Visa Inc. (NYSE:V) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. raised its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 104,638.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,232 shares of the credit-card processor's stock after acquiring an additional 27,206 shares during the quarter. Visa makes up 0.8% of NBC Securities Inc.'s portfolio, making the stock its 11th largest holding. NBC Securities Inc.'s holdings in Visa were worth $9,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Worth Asset Management LLC increased its stake in shares of Visa by 218.6% in the first quarter. Worth Asset Management LLC now owns 6,381 shares of the credit-card processor's stock worth $2,236,000 after purchasing an additional 4,378 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its holdings in Visa by 2.9% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 12,465 shares of the credit-card processor's stock worth $4,369,000 after buying an additional 348 shares during the period. Woodstock Corp increased its stake in Visa by 2.0% in the 1st quarter. Woodstock Corp now owns 37,588 shares of the credit-card processor's stock worth $13,173,000 after buying an additional 744 shares in the last quarter. Wright Investors Service Inc. raised its holdings in Visa by 6.8% during the first quarter. Wright Investors Service Inc. now owns 20,763 shares of the credit-card processor's stock valued at $7,277,000 after acquiring an additional 1,322 shares during the period. Finally, American National Bank & Trust lifted its position in shares of Visa by 2.8% in the first quarter. American National Bank & Trust now owns 53,310 shares of the credit-card processor's stock valued at $18,683,000 after acquiring an additional 1,467 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,328 shares of company stock worth $38,419,222 in the last three months. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Piper Sandler lifted their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Citigroup started coverage on shares of Visa in a research report on Monday. They set a "buy" rating on the stock. BMO Capital Markets upped their target price on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Truist Financial started coverage on shares of Visa in a report on Monday. They issued a "buy" rating and a $400.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of Visa in a report on Monday. They set a "neutral" rating for the company. Six research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $367.48.

Visa Trading Up 0.2%

Shares of NYSE V traded up $0.80 during midday trading on Tuesday, hitting $366.12. The company's stock had a trading volume of 5,221,297 shares, compared to its average volume of 6,996,385. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $369.15. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $675.56 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The business's 50 day moving average is $343.82 and its two-hundred day moving average is $334.27.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The business 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 54.79% and a net margin of 54.27%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $2.51 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.64%. Visa's dividend payout ratio (DPR) is 23.72%.

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.