Transform Wealth LLC Purchases 771 Shares of Visa Inc. (NYSE:V)

Transform Wealth LLC grew its holdings in Visa Inc. (NYSE:V - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 15,566 shares of the credit-card processor's stock after buying an additional 771 shares during the quarter. Transform Wealth LLC's holdings in Visa were worth $5,455,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in V. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the 4th quarter worth approximately $27,000. POM Investment Strategies LLC grew its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the period. Compass Planning Associates Inc bought a new position in Visa in the fourth quarter worth $32,000. NewSquare Capital LLC bought a new position in Visa in the fourth quarter worth $35,000. Finally, FPC Investment Advisory Inc. lifted its position in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after buying an additional 83 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on V shares. Jefferies Financial Group increased their price target on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Truist Financial initiated coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating and a $400.00 price target for the company. UBS Group lifted their price target on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Finally, Citigroup initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $372.80.

Visa Trading Down 5.0%

Shares of Visa stock traded down $18.65 on Friday, reaching $352.75. The company had a trading volume of 14,176,249 shares, compared to its average volume of 7,023,536. The firm's 50-day moving average price is $349.76 and its two-hundred day moving average price is $337.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The firm has a market cap of $650.87 billion, a price-to-earnings ratio of 35.56, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the business earned $2.51 EPS. The business's revenue was up 9.3% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa's dividend payout ratio is 23.72%.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 537 shares of the company's stock, valued at $194,807.49. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,448 shares of company stock valued at $50,133,659. 0.13% of the stock is currently owned by insiders.

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.