United Services Automobile Association Has $13.73 Million Stock Position in Visa Inc. $V

Key Points

• United Services Automobile Association increased its stake in Visa Inc. by 3.6%, holding a total of 40,038 shares valued at approximately $13.73 million.
• Insider Paul D. Fabara sold 11,636 shares of Visa stock for $4.36 million, representing a significant decrease in his ownership stake.
• Visa recently reported quarterly earnings that surpassed analysts' expectations, with an EPS of $2.98 and revenue of $10.17 billion, representing a 14.3% year-over-year increase.

United Services Automobile Association lifted its stake in Visa Inc. (NYSE:V - Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,038 shares of the credit-card processor's stock after purchasing an additional 1,390 shares during the period. United Services Automobile Association's holdings in Visa were worth $13,727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in V. Bell Investment Advisors Inc increased its stake in Visa by 3.5% in the first quarter. Bell Investment Advisors Inc now owns 1,197 shares of the credit-card processor's stock valued at $420,000 after purchasing an additional 41 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Visa in the 1st quarter valued at $632,000. Hamilton Capital LLC increased its position in shares of Visa by 6.1% in the 1st quarter. Hamilton Capital LLC now owns 2,273 shares of the credit-card processor's stock valued at $797,000 after buying an additional 130 shares in the last quarter. Voleon Capital Management LP increased its position in shares of Visa by 241.6% in the 1st quarter. Voleon Capital Management LP now owns 24,437 shares of the credit-card processor's stock valued at $8,564,000 after buying an additional 17,284 shares in the last quarter. Finally, Challenger Wealth Management raised its stake in Visa by 3.2% during the 1st quarter. Challenger Wealth Management now owns 6,190 shares of the credit-card processor's stock worth $2,169,000 after buying an additional 192 shares during the period. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,293 shares of company stock worth $8,114,295 in the last three months. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on V. Truist Financial decreased their target price on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Macquarie boosted their price objective on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Oppenheimer raised their target price on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Barclays reaffirmed an "overweight" rating and issued a $408.00 price target (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Finally, Morgan Stanley increased their price objective on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $385.96.

Visa Trading Down 2.3%

NYSE:V opened at $343.02 on Monday. The company has a market cap of $628.67 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. Visa Inc. has a twelve month low of $268.23 and a twelve month high of $375.51. The business has a 50 day moving average price of $348.51 and a two-hundred day moving average price of $347.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the previous year, the firm posted $2.42 earnings per share. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

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.

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