1,465 Shares in Visa Inc. $V Bought by Oliver Lagore Vanvalin Investment Group

Key Points

• Oliver Lagore Vanvalin Investment Group made a significant investment of $514,000 in Visa Inc. by acquiring 1,465 shares in the second quarter.
• Analysts maintain a positive outlook on Visa, with a consensus rating of "Moderate Buy" and an average price target of $385.96.
• Visa recently reported earnings of $2.98 per share, exceeding consensus estimates, alongside a quarterly revenue of $10.17 billion, reflecting a year-over-year increase of 14.3%.

Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Visa Inc. (NYSE:V - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,465 shares of the credit-card processor's stock, valued at approximately $514,000.

Other large investors also recently modified their holdings of the company. Keystone Global Partners LLC acquired a new stake in shares of Visa during the first quarter worth $26,000. von Borstel & Associates Inc. bought a new position in Visa during the 1st quarter worth about $27,000. Family Legacy Financial Solutions LLC bought a new position in Visa during the 2nd quarter worth about $28,000. 1 North Wealth Services LLC bought a new position in Visa during the 1st quarter worth about $38,000. Finally, Anderson Financial Strategies LLC bought a new position in Visa during the 1st quarter worth about $53,000. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

V stock traded up $3.89 during trading hours on Friday, hitting $342.07. 13,657,860 shares of the stock were exchanged, compared to its average volume of 4,986,314. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $626.94 billion, a P/E ratio of 33.41, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a 50-day simple moving average of $345.70 and a two-hundred day simple moving average of $346.37. Visa Inc. has a 12 month low of $268.23 and a 12 month high of $375.51.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the prior year, the company posted $2.42 earnings per share. Visa's revenue was up 14.3% compared to the same quarter last year. On average, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's payout ratio is presently 23.05%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on Visa in a research report on Monday, June 2nd. They set a "neutral" rating for the company. Truist Financial cut their target price on Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Barclays reiterated an "overweight" rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a report on Thursday, July 31st. Oppenheimer lifted their price objective on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Morgan Stanley raised their target price on shares of Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $385.96.

Insider Buying and Selling

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.