Vest Financial LLC Purchases 28,870 Shares of Visa Inc. (NYSE:V)

Vest Financial LLC increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 25.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,927 shares of the credit-card processor's stock after acquiring an additional 28,870 shares during the quarter. Vest Financial LLC's holdings in Visa were worth $49,740,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc acquired a new position in Visa during the 4th quarter valued at approximately $32,000. FPC Investment Advisory Inc. increased its stake in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares in the last quarter. Finally, NewSquare Capital LLC acquired a new position in Visa during the 4th quarter valued at approximately $35,000. Institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on V shares. Citigroup started coverage on shares of Visa in a research note on Monday. They set a "buy" rating on the stock. Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Visa in a report on Monday. They set a "neutral" rating on the stock. UBS Group increased their price objective on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. 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's stock. According to data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $372.80.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,807.49. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock valued at $41,546,299 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Visa Price Performance

Shares of NYSE V opened at $366.67 on Friday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $371.00. The firm's 50-day simple moving average is $344.98 and its 200 day simple moving average is $335.10. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $676.56 billion, a P/E ratio of 36.96, a P/E/G ratio of 2.33 and a beta of 0.96.

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 the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa's revenue for the quarter 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. Equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.64%. Visa's dividend payout ratio (DPR) is presently 23.72%.

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.

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