Venture Visionary Partners LLC Boosts Stake in Visa Inc. $V

Key Points

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Venture Visionary Partners LLC increased its position in Visa Inc. (NYSE:V - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,563 shares of the credit-card processor's stock after buying an additional 2,020 shares during the quarter. Visa comprises about 1.4% of Venture Visionary Partners LLC's investment portfolio, making the stock its 14th biggest position. Venture Visionary Partners LLC's holdings in Visa were worth $33,491,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in V. Brighton Jones LLC lifted its position in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after purchasing an additional 6,883 shares during the period. Revolve Wealth Partners LLC increased its position in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after buying an additional 4,817 shares during the last quarter. Jump Financial LLC increased its position in Visa by 241.6% during the fourth quarter. Jump Financial LLC now owns 3,546 shares of the credit-card processor's stock worth $1,121,000 after buying an additional 2,508 shares during the last quarter. Capital Research Global Investors boosted its holdings in Visa by 0.7% during the fourth quarter. Capital Research Global Investors now owns 707,582 shares of the credit-card processor's stock valued at $223,624,000 after acquiring an additional 4,836 shares during the period. Finally, Transce3nd LLC bought a new stake in shares of Visa in the fourth quarter valued at about $180,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Performance

Shares of V stock opened at $342.81 on Tuesday. The firm has a market cap of $628.30 billion, a price-to-earnings ratio of 33.48, a P/E/G ratio of 2.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $265.23 and a 52 week high of $375.51. The firm's 50-day simple moving average is $349.69 and its two-hundred day simple moving average is $347.45.

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 the consensus estimate 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 company's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on V. Oppenheimer increased their price target on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group lifted their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. BMO Capital Markets boosted their price objective on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Truist Financial cut their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Five investment 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 company. According to MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.84.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were 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 of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 75,100 shares of company stock worth $27,643,224. Insiders own 0.13% of the company's stock.

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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