Strategies Wealth Advisors LLC Invests $452,000 in Visa Inc. $V

Key Points

• Strategies Wealth Advisors LLC invested approximately $452,000 in Visa Inc. by purchasing 1,290 shares during the first quarter, according to their latest 13F filing.
• Institutional investors currently hold 82.15% of Visa's stock, with other firms also increasing their positions in the company.
• Visa announced a quarterly dividend of $0.59 per share, set to be paid on September 2nd, representing an annualized yield of 0.7% and a payout ratio of 23.05%.

Strategies Wealth Advisors LLC purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,290 shares of the credit-card processor's stock, valued at approximately $452,000.

Other institutional investors also recently modified their holdings of the company. FWL Investment Management LLC lifted its holdings in shares of Visa by 0.5% in the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after acquiring an additional 29 shares during the last quarter. Yeomans Consulting Group Inc. raised its position in Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after purchasing an additional 29 shares during the period. Semus Wealth Partners LLC raised its position in Visa by 0.8% during the first quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after purchasing an additional 29 shares during the period. Capstone Financial Advisors Inc. lifted its stake in shares of Visa by 3.6% in the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after purchasing an additional 30 shares during the last quarter. Finally, Headinvest LLC boosted its holdings in shares of Visa by 0.8% in the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,127 shares of company stock worth $28,340,553. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

V has been the topic of several recent research reports. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and increased their price target for the company from $359.00 to $425.00 in a report on Thursday, June 5th. The Goldman Sachs Group initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. UBS Group reaffirmed a "buy" rating and set a $415.00 price target (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. 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. Finally, Raymond James Financial reissued an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $380.84.

Visa Trading Down 0.1%

V opened at $343.5530 on Friday. 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 stock's fifty day moving average is $347.99 and its two-hundred day moving average is $347.37. The company has a market capitalization of $629.66 billion, a P/E ratio of 33.55, a PEG ratio of 2.29 and a beta of 0.94. Visa Inc. has a 52 week low of $265.31 and a 52 week 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 (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business's revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.42 EPS. Analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio (DPR) is 23.05%.

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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