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

Valeo Financial Advisors LLC raised its holdings in Visa Inc. (NYSE:V - Free Report) by 60.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,794 shares of the credit-card processor's stock after acquiring an additional 36,728 shares during the quarter. Visa makes up 0.8% of Valeo Financial Advisors LLC's holdings, making the stock its 23rd largest holding. Valeo Financial Advisors LLC's holdings in Visa were worth $34,273,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of V. BXM Wealth LLC grew its position in shares of Visa by 3.7% during the 1st quarter. BXM Wealth LLC now owns 834 shares of the credit-card processor's stock worth $291,000 after buying an additional 30 shares in the last quarter. 49 Wealth Management LLC lifted its stake in shares of Visa by 11.8% during the 1st quarter. 49 Wealth Management LLC now owns 4,005 shares of the credit-card processor's stock worth $1,404,000 after purchasing an additional 423 shares during the last quarter. Blackhawk Capital Partners LLC. lifted its stake in shares of Visa by 1.0% during the 1st quarter. Blackhawk Capital Partners LLC. now owns 7,370 shares of the credit-card processor's stock worth $2,583,000 after purchasing an additional 76 shares during the last quarter. Black Diamond Financial LLC lifted its stake in shares of Visa by 3.3% during the 1st quarter. Black Diamond Financial LLC now owns 2,048 shares of the credit-card processor's stock worth $718,000 after purchasing an additional 66 shares during the last quarter. Finally, May Hill Capital LLC lifted its stake in shares of Visa by 8.2% during the 1st quarter. May Hill Capital LLC now owns 2,691 shares of the credit-card processor's stock worth $943,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Stock Up 0.7%

Shares of V stock opened at $356.90 on Thursday. The stock has a 50 day moving average of $356.66 and a 200 day moving average of $342.11. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a market cap of $658.54 billion, a P/E ratio of 35.87, a P/E/G ratio of 2.40 and a beta of 0.92. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51.

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 analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.51 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,630 shares of the business'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 completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on V. Oppenheimer upped their price objective on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Piper Sandler upped their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Susquehanna restated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Five 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 stock. According to MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and an average 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.

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