Vermillion Wealth Management Inc. Takes $262,000 Position in Visa Inc. (NYSE:V)

Vermillion Wealth Management Inc. purchased a new stake in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 829 shares of the credit-card processor's stock, valued at approximately $262,000.

Several other institutional investors have also made changes to their positions in the stock. Mackenzie Financial Corp grew its stake in Visa by 38.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,455,500 shares of the credit-card processor's stock worth $776,036,000 after buying an additional 675,567 shares in the last quarter. Forum Financial Management LP boosted its position in shares of Visa by 13.7% during the 4th quarter. Forum Financial Management LP now owns 10,047 shares of the credit-card processor's stock worth $3,175,000 after acquiring an additional 1,208 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in Visa in the fourth quarter valued at approximately $365,000. Montchanin Asset Management LLC acquired a new position in Visa during the fourth quarter valued at approximately $201,000. Finally, Michels Family Financial LLC acquired a new stake in shares of Visa in the 4th quarter valued at $766,000. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Up 0.8%

Visa stock traded up $2.82 during trading hours on Thursday, reaching $362.55. The stock had a trading volume of 4,585,487 shares, compared to its average volume of 7,002,298. The company has a fifty day simple moving average of $342.62 and a 200-day simple moving average of $332.80. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $369.15. The stock has a market cap of $668.96 billion, a PE ratio of 36.55, a PEG ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. 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 prior year, the business posted $2.51 earnings per share. Visa's revenue for the quarter was up 9.3% on a year-over-year basis. Analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. Visa's dividend payout ratio is currently 23.72%.

Analyst Ratings Changes

A number of research analysts have issued reports on V shares. Jefferies Financial Group lifted their target price on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Piper Sandler boosted their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average price target of $366.13.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $194,931. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa 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 $889,868.50. Following the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,948 shares of company stock valued at $41,548,282. Company insiders own 0.13% of the company's stock.

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.