Hamilton Capital Partners LLC grew its position in shares of Visa Inc. (NYSE:V - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,537 shares of the credit-card processor's stock after buying an additional 3,434 shares during the quarter. Visa makes up about 5.0% of Hamilton Capital Partners LLC's investment portfolio, making the stock its 10th largest holding. Hamilton Capital Partners LLC's holdings in Visa were worth $7,898,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in V. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa during the 4th quarter worth about $27,000. Compass Planning Associates Inc bought a new stake in Visa during the fourth quarter worth approximately $32,000. NewSquare Capital LLC acquired a new position in Visa during the fourth quarter valued at approximately $35,000. FPC Investment Advisory Inc. grew its holdings in Visa by 377.3% during the fourth 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 during the last quarter. Finally, Sellwood Investment Partners LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $41,000. Institutional investors own 82.15% of the company's stock.
Insider Activity at Visa
In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. The trade was a 94.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider now directly owns 26,413 shares of the company's stock, valued at $9,904,875. This represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,098 shares of company stock worth $36,738,526. 0.13% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Evercore ISI began coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price for the company. Truist Financial initiated coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 price target for the company. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, The Goldman Sachs Group initiated coverage on Visa in a research note on Monday, June 2nd. They set a "neutral" rating for the company. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $372.80.
Read Our Latest Analysis on Visa
Visa Price Performance
Shares of Visa stock opened at $340.16 on Thursday. The stock has a market capitalization of $627.64 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.41 and a beta of 0.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51. The firm's 50-day moving average price is $351.38 and its two-hundred day moving average price is $338.20. 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 (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.51 EPS. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is 23.72%.
About Visa
(
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.
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