Visa Inc. (NYSE:V) Holdings Lowered by GFG Capital LLC

GFG Capital LLC lowered its holdings in Visa Inc. (NYSE:V - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,515 shares of the credit-card processor's stock after selling 5,439 shares during the period. Visa comprises 3.4% of GFG Capital LLC's holdings, making the stock its 8th largest position. GFG Capital LLC's holdings in Visa were worth $11,746,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of V. von Borstel & Associates Inc. bought a new stake in shares of Visa in the first quarter valued at $27,000. Sellwood Investment Partners LLC bought a new stake in shares of Visa in the fourth quarter valued at $41,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Visa in the fourth quarter valued at $47,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa in the fourth quarter valued at $47,000. Finally, Navigoe LLC bought a new stake in shares of Visa in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Ratings Changes

V has been the topic of a number of analyst reports. Piper Sandler boosted their price objective on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Macquarie decreased their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Evercore ISI initiated coverage on Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective on the stock. Oppenheimer boosted their price objective on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $372.84.

Visa Stock Down 2.4%

Shares of V traded down $8.66 on Friday, reaching $347.22. The stock had a trading volume of 3,455,008 shares, compared to its average volume of 6,667,984. The firm has a market capitalization of $640.67 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50-day simple moving average of $356.93 and a 200-day simple moving average of $342.37. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $2.51 EPS. Sell-side analysts predict 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 issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on 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 owned 537 shares of the company's stock, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel directly owned 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 disclosure for this sale can be found here. In the last quarter, insiders sold 101,108 shares of company stock valued at $36,771,200. Corporate insiders own 0.13% of the company's stock.

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.