Signal Advisors Wealth LLC Has $7.49 Million Holdings in Visa Inc. (NYSE:V)

Signal Advisors Wealth LLC grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 23.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,383 shares of the credit-card processor's stock after purchasing an additional 4,007 shares during the period. Signal Advisors Wealth LLC's holdings in Visa were worth $7,493,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in V. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the fourth quarter worth $27,000. POM Investment Strategies LLC lifted its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares in the last quarter. Compass Planning Associates Inc bought a new position in shares of Visa in the fourth quarter valued at $32,000. NewSquare Capital LLC bought a new position in shares of Visa during the fourth quarter valued at about $35,000. Finally, FPC Investment Advisory Inc. raised its position in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock worth $36,000 after acquiring an additional 83 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $194,807.49. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 14,813 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $9,377,671.52. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,948 shares of company stock worth $41,546,299. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

V has been the topic of several research reports. Piper Sandler lifted their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Truist Financial began coverage on shares of Visa in a research note on Monday. They set a "buy" rating and a $400.00 price objective for the company. William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, UBS Group lifted their target price on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $372.80.

Visa Price Performance

V opened at $366.67 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $676.56 billion, a P/E ratio of 36.96, a P/E/G ratio of 2.33 and a beta of 0.96. The company's 50-day simple moving average is $344.98 and its two-hundred day simple moving average is $335.10. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $371.00.

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 for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the prior year, the business earned $2.51 EPS. The business's quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid 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 was Tuesday, May 13th. Visa's payout ratio 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.

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