Visa Inc. (NYSE:V) is GFG Capital LLC's 8th Largest Position

GFG Capital LLC trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 14.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,515 shares of the credit-card processor's stock after selling 5,439 shares during the quarter. Visa makes up 3.4% of GFG Capital LLC's portfolio, making the stock its 8th biggest holding. GFG Capital LLC's holdings in Visa were worth $11,746,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of V. von Borstel & Associates Inc. acquired a new position in shares of Visa in the first quarter worth $27,000. Sellwood Investment Partners LLC acquired a new position in Visa in the 4th quarter valued at about $41,000. Mountain Hill Investment Partners Corp. purchased a new position in Visa in the 4th quarter valued at about $47,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa during the 4th quarter worth about $47,000. Finally, Navigoe LLC purchased a new stake in shares of Visa during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

NYSE:V opened at $356.90 on Thursday. The firm's fifty day simple moving average is $356.66 and its 200 day simple moving average is $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. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The firm has a market capitalization of $658.54 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 2.40 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. The company's revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Citigroup started coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating for the company. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Macquarie lowered their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, BMO Capital Markets upped their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 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 stock. Based on data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $372.84.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider owned 26,413 shares in the company, valued at $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 transaction, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock valued at $36,771,200 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

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.

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