TFR Capital LLC. Raises Position in Visa Inc. (NYSE:V)

TFR Capital LLC. boosted its stake in Visa Inc. (NYSE:V - Free Report) by 26.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,235 shares of the credit-card processor's stock after purchasing an additional 1,293 shares during the period. Visa comprises approximately 0.9% of TFR Capital LLC.'s investment portfolio, making the stock its 28th biggest position. TFR Capital LLC.'s holdings in Visa were worth $2,185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. von Borstel & Associates Inc. bought a new stake in Visa during the first quarter valued at $27,000. Sellwood Investment Partners LLC bought a new stake in Visa during the fourth quarter valued at $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Visa during the fourth quarter valued at $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the fourth quarter valued at $47,000. Finally, Navigoe LLC bought a new stake in Visa during the fourth quarter valued at $53,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.8%

NYSE:V traded down $2.97 on Tuesday, hitting $347.53. The stock had a trading volume of 1,598,610 shares, compared to its average volume of 6,652,688. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $641.25 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The firm's fifty day simple moving average is $356.96 and its two-hundred day simple moving average is $343.09.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio (DPR) is 23.72%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were 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 $9,904,875. This trade represents a 30.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was 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 of the company's stock, 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. In the last 90 days, insiders sold 101,108 shares of company stock worth $36,771,200. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on V shares. Piper Sandler upped their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and upped their price target for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. Citigroup started coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. Susquehanna reissued a "positive" rating on shares of Visa in a research report on Friday, March 21st. Finally, The Goldman Sachs Group started coverage on shares of Visa in a research report on Monday, June 2nd. They set a "neutral" rating on the stock. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.84.

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.