Visa Inc. (NYSE:V) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 14.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,497 shares of the credit-card processor's stock after selling 4,721 shares during the quarter. TD Private Client Wealth LLC's holdings in Visa were worth $9,637,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of V. Lakeridge Wealth Management LLC increased its holdings in Visa by 5.7% during the first quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor's stock valued at $528,000 after buying an additional 81 shares during the last quarter. Blue Rock Wealth Management LLC bought a new stake in shares of Visa during the 4th quarter valued at $306,000. Aptus Capital Advisors LLC lifted its position in shares of Visa by 19.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after acquiring an additional 30,185 shares in the last quarter. King Wealth Management Group lifted its holdings in Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Finally, Eagle Strategies LLC boosted its stake in Visa by 2.5% in the 4th quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock worth $811,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

V has been the subject of a number of research reports. Evercore ISI assumed coverage on Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target for the company. BMO Capital Markets lifted their target price on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. 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 note on Wednesday, April 30th. Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, Citigroup began coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating for the company. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $372.84.

Visa Stock Performance

Shares of NYSE:V traded down $1.33 on Thursday, reaching $356.44. The company's stock had a trading volume of 3,429,297 shares, compared to its average volume of 6,827,613. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The stock has a market capitalization of $657.68 billion, a P/E ratio of 35.82, a PEG ratio of 2.40 and a beta of 0.92. The stock's 50-day moving average is $356.66 and its two-hundred day moving average is $342.11. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $2.51 EPS. As a group, sell-side analysts forecast 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 issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% 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 the business's 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 of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock worth $36,771,200 in the last three months. Corporate insiders own 0.13% of the company's stock.

Visa Company 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.