North Capital Inc. Makes New $452,000 Investment in Visa Inc. (NYSE:V)

North Capital Inc. bought a new position in shares of Visa Inc. (NYSE:V - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 1,290 shares of the credit-card processor's stock, valued at approximately $452,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lakeridge Wealth Management LLC raised its holdings in Visa by 5.7% in the 1st quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor's stock valued at $528,000 after acquiring an additional 81 shares during the last quarter. Blue Rock Wealth Management LLC acquired a new position in Visa in the fourth quarter valued at $306,000. Aptus Capital Advisors LLC lifted its position in Visa by 19.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock worth $57,727,000 after buying an additional 30,185 shares during the period. King Wealth Management Group boosted its stake in Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after buying an additional 6,172 shares during the last quarter. Finally, Eagle Strategies LLC grew its holdings in Visa by 2.5% in the 4th quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock valued at $811,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on V. Citigroup started coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating on the stock. UBS Group lifted their target price on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Macquarie dropped their price target on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective on the stock. Finally, Truist Financial began coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating and a $400.00 target price for the company. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $372.84.

Visa Price Performance

NYSE V traded down $2.21 on Monday, reaching $356.65. The company's stock had a trading volume of 5,135,922 shares, compared to its average volume of 6,843,615. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The firm's 50 day moving average is $355.79 and its two-hundred day moving average is $341.65. The stock has a market cap of $658.08 billion, a PE ratio of 35.84, a PEG ratio of 2.43 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the business posted $2.51 EPS. Visa's revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's dividend payout ratio is 23.72%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the sale, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,108 shares of company stock valued at $36,771,200. Company insiders own 0.13% of the company's stock.

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.