United Advisor Group LLC Buys 728 Shares of Visa Inc. (NYSE:V)

United Advisor Group LLC lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,349 shares of the credit-card processor's stock after buying an additional 728 shares during the period. United Advisor Group LLC's holdings in Visa were worth $2,006,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of V. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the 4th quarter valued at about $27,000. POM Investment Strategies LLC boosted its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the period. Compass Planning Associates Inc acquired a new position in Visa during the 4th quarter valued at about $32,000. FPC Investment Advisory Inc. boosted its stake in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares during the period. Finally, NewSquare Capital LLC acquired a new position in Visa during the 4th quarter valued at about $35,000. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

V stock traded up $2.82 on Thursday, hitting $362.55. 4,585,789 shares of the company's stock traded hands, compared to its average volume of 7,002,316. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15. The stock has a market cap of $668.96 billion, a price-to-earnings ratio of 36.55, a P/E/G ratio of 2.33 and a beta of 0.96. The stock has a fifty day moving average of $342.62 and a 200-day moving average of $332.80. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

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, beating 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 business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the business earned $2.51 earnings per share. The business's quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on V. Wells Fargo & Company boosted their target price on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Piper Sandler boosted their target price on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. William Blair reissued an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. UBS Group boosted their target price on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Barclays boosted their target price on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $366.13.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $2,978,899.60. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $185,576.46. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 14,813 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the sale, the insider now directly owns 26,413 shares of the company's stock, valued at $9,377,671.52. This represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock valued at $41,548,282 over the last ninety days. Insiders own 0.13% of the company's stock.

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.