Valeo Financial Advisors LLC Purchases 36,728 Shares of Visa Inc. (NYSE:V)

Valeo Financial Advisors LLC boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 60.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,794 shares of the credit-card processor's stock after purchasing an additional 36,728 shares during the period. Visa accounts for 0.8% of Valeo Financial Advisors LLC's investment portfolio, making the stock its 23rd biggest holding. Valeo Financial Advisors LLC's holdings in Visa were worth $34,273,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in V. von Borstel & Associates Inc. acquired a new position in Visa in the 1st quarter valued at approximately $27,000. Sellwood Investment Partners LLC acquired a new position in shares of Visa in the fourth quarter worth $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Visa during the fourth quarter worth $47,000. Measured Risk Portfolios Inc. acquired a new stake in Visa during the fourth quarter valued at $47,000. Finally, O Brien Wealth Partners LLC purchased a new position in Visa in the first quarter valued at about $54,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock worth $36,771,200 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

Shares of NYSE V traded down $8.17 during trading hours on Friday, hitting $347.71. 7,577,927 shares of the company's stock were exchanged, compared to its average volume of 6,821,741. The company's 50-day moving average price is $356.93 and its 200-day moving average price is $342.56. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The stock has a market capitalization of $641.58 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 2.41 and a beta of 0.92. 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 issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company earned $2.51 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is currently 23.72%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on V shares. Barclays reaffirmed an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Macquarie dropped their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, UBS Group increased 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. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $372.84.

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.