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Vestmark Advisory Solutions Inc. Has $19.17 Million Stake in Visa Inc. (NYSE:V)

Visa logo with Business Services background

Key Points

  • Vestmark Advisory Solutions Inc. increased its stake in Visa Inc. by 89.4%, holding a total worth of approximately $19.17 million after acquiring additional shares during the first quarter.
  • Visa recently reported earnings of $2.98 EPS, exceeding expectations and reflecting a 14.3% increase in revenue year-over-year, with a net margin of 52.16%.
  • The company announced a quarterly dividend of $0.59 to be paid on September 2nd, representing an annualized yield of 0.7%.
  • Want stock alerts on Visa? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Vestmark Advisory Solutions Inc. grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 89.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,709 shares of the credit-card processor's stock after acquiring an additional 25,816 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Visa were worth $19,173,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of V. Brighton Jones LLC increased its stake in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after buying an additional 6,883 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after buying an additional 4,817 shares during the period. Cohen & Steers Inc. increased its stake in shares of Visa by 5.3% in the fourth quarter. Cohen & Steers Inc. now owns 1,635 shares of the credit-card processor's stock valued at $517,000 after buying an additional 83 shares during the period. Jump Financial LLC increased its stake in shares of Visa by 241.6% in the fourth quarter. Jump Financial LLC now owns 3,546 shares of the credit-card processor's stock valued at $1,121,000 after buying an additional 2,508 shares during the period. Finally, Finward Bancorp acquired a new position in shares of Visa in the fourth quarter valued at approximately $824,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity

In related news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated 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 completion of the sale, the insider owned 26,413 shares of the company's stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value 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 approximately $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 valued at $27,643,224. 0.13% of the stock is currently owned by insiders.

Visa Trading Up 1.8%

Shares of Visa stock opened at $342.66 on Thursday. Visa Inc. has a 1 year low of $258.74 and a 1 year high of $375.51. The firm has a market cap of $628.02 billion, a PE ratio of 33.46, a P/E/G ratio of 2.24 and a beta of 0.94. The stock has a fifty day moving average price of $351.11 and a 200-day moving average price of $347.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same period last year, the firm posted $2.42 EPS. The business's revenue was up 14.3% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio (DPR) is 23.05%.

Analysts Set New Price Targets

V has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research report on Thursday, July 17th. They set a "buy" rating and a $410.00 target price for the company. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Citigroup initiated coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. The Goldman Sachs Group initiated coverage on shares of Visa in a research report on Monday, June 2nd. They set a "neutral" rating for the company. 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $380.84.

View Our Latest Analysis on V

Visa Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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