Golden State Wealth Management LLC Has $6.05 Million Holdings in Visa Inc. (NYSE:V)

Golden State Wealth Management LLC raised its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 123.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,239 shares of the credit-card processor's stock after acquiring an additional 9,535 shares during the quarter. Golden State Wealth Management LLC's holdings in Visa were worth $6,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Aurora Private Wealth Inc. lifted its stake in shares of Visa by 11,691.3% during the 1st quarter. Aurora Private Wealth Inc. now owns 137,487 shares of the credit-card processor's stock worth $48,184,000 after purchasing an additional 136,321 shares during the period. Spire Wealth Management lifted its stake in shares of Visa by 7.4% during the first quarter. Spire Wealth Management now owns 62,291 shares of the credit-card processor's stock worth $21,831,000 after purchasing an additional 4,292 shares in the last quarter. waypoint wealth counsel boosted its holdings in Visa by 30.7% in the 1st quarter. waypoint wealth counsel now owns 1,146 shares of the credit-card processor's stock worth $402,000 after acquiring an additional 269 shares during the period. Berkshire Money Management Inc. boosted its stake in shares of Visa by 7.6% in the first quarter. Berkshire Money Management Inc. now owns 1,481 shares of the credit-card processor's stock valued at $519,000 after purchasing an additional 104 shares during the period. Finally, S.A. Mason LLC grew its stake in shares of Visa by 2.3% during the first quarter. S.A. Mason LLC now owns 4,810 shares of the credit-card processor's stock valued at $1,686,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $188,186.28. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on 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 transaction, the insider now owns 26,413 shares of the company's stock, valued at $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,098 shares of company stock worth $36,738,526 over the last 90 days. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler increased their price target on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. BMO Capital Markets increased their price target on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. UBS Group upped their target price on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.

Visa Stock Performance

Shares of V stock traded up $3.10 during trading on Friday, reaching $349.13. The company had a trading volume of 6,588,465 shares, compared to its average volume of 6,921,649. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The firm's 50 day simple moving average is $352.91 and its two-hundred day simple moving average is $339.57. The company has a market capitalization of $644.20 billion, a PE ratio of 35.09, a PEG ratio of 2.32 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company posted $2.51 earnings per share. Visa's revenue was up 9.3% on a year-over-year basis. Sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

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.