Signaturefd LLC Buys 1,537 Shares of Visa Inc. $V

Key Points

• Signaturefd LLC increased its stake in Visa Inc. by 3.7%, acquiring an additional 1,537 shares, bringing its total holdings to 42,649 shares valued at approximately $15.14 million.
• Insider transactions revealed significant sales, with General Counsel Julie B. Rottenberg selling 2,027 shares and CEO Ryan Mcinerney selling 8,630 shares, indicating a decrease in executive ownership.
• Visa reported a strong quarterly performance with $2.98 earnings per share, exceeding estimates, alongside a net margin of 52.16% and a revenue increase of 14.3% year-over-year.

Signaturefd LLC increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,649 shares of the credit-card processor's stock after acquiring an additional 1,537 shares during the quarter. Signaturefd LLC's holdings in Visa were worth $15,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Keystone Global Partners LLC purchased a new position in shares of Visa in the first quarter valued at about $26,000. von Borstel & Associates Inc. bought a new stake in shares of Visa in the first quarter worth about $27,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Visa in the second quarter worth about $28,000. Cranbrook Wealth Management LLC grew its stake in shares of Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock worth $32,000 after purchasing an additional 41 shares during the last quarter. Finally, 1 North Wealth Services LLC purchased a new stake in Visa in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

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

Visa Stock Performance

Visa stock opened at $337.15 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $617.93 billion, a P/E ratio of 32.92, a PEG ratio of 2.24 and a beta of 0.92. The stock's 50 day moving average is $344.65 and its 200 day moving average is $346.48. Visa Inc. has a twelve month low of $272.78 and a twelve month high of $375.51.

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

Visa Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's payout ratio is currently 23.05%.

Analyst Ratings Changes

V has been the subject of several research analyst reports. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Citigroup initiated coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. Truist Financial reduced their price objective on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Barclays reaffirmed an "overweight" rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Finally, UBS Group restated a "buy" rating and issued a $415.00 price objective (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $385.96.

About Visa

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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