Optas LLC raised its holdings in Visa Inc. (NYSE:V - Free Report) by 106.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,045 shares of the credit-card processor's stock after acquiring an additional 5,698 shares during the period. Visa comprises about 0.7% of Optas LLC's investment portfolio, making the stock its 27th largest holding. Optas LLC's holdings in Visa were worth $3,871,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of V. Capital & Planning LLC raised its stake in shares of Visa by 21.2% in the 4th quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock valued at $300,000 after purchasing an additional 166 shares during the period. Sovereign Investment Advisors LLC acquired a new stake in Visa in the 4th quarter valued at approximately $424,000. Brighton Jones LLC lifted its stake in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after acquiring an additional 6,883 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Visa during the 4th quarter worth approximately $202,074,000. Finally, Revolve Wealth Partners LLC grew its stake in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
V has been the topic of a number of research reports. The Goldman Sachs Group began coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "neutral" rating on the stock. Citigroup started coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. BMO Capital Markets raised their price objective on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. Finally, Piper Sandler increased their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.
Check Out Our Latest Report on V
Insider Buying and Selling
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $188,186.28. The trade was a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,448 shares of company stock valued at $50,133,659. Insiders own 0.13% of the company's stock.
Visa Price Performance
NYSE:V opened at $352.75 on Monday. The firm's fifty day moving average price is $349.76 and its two-hundred day moving average price is $337.77. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $650.87 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a one year low of $252.70 and a one year high of $375.51.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.51 EPS. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid 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 0.67%. Visa's dividend payout ratio (DPR) is currently 23.72%.
About Visa
(
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.
Further Reading
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