Visa Inc. (NYSE:V) Shares Acquired by IFC Advisors LLC

IFC Advisors LLC grew its position in shares of Visa Inc. (NYSE:V - Free Report) by 85.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,119 shares of the credit-card processor's stock after purchasing an additional 2,353 shares during the period. IFC Advisors LLC's holdings in Visa were worth $1,794,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. von Borstel & Associates Inc. purchased a new position in Visa during the 1st quarter valued at $27,000. Sellwood Investment Partners LLC purchased a new position in Visa during the 4th quarter valued at $41,000. Mountain Hill Investment Partners Corp. purchased a new position in Visa during the 4th quarter valued at $47,000. Measured Risk Portfolios Inc. purchased a new position in Visa during the 4th quarter valued at $47,000. Finally, Navigoe LLC purchased a new position in Visa during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Down 2.3%

NYSE:V traded down $8.17 during mid-day trading on Friday, hitting $347.71. 7,577,927 shares of the company's stock traded hands, compared to its average volume of 6,822,520. The company has a fifty day moving average of $356.93 and a 200 day moving average of $342.71. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a market capitalization of $641.58 billion, a P/E ratio of 34.95, a P/E/G ratio of 2.36 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.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company posted $2.51 EPS. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts forecast 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. Investors of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend 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%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Piper Sandler boosted their price objective on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Oppenheimer upped their target price on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. UBS Group upped their target price on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, Citigroup assumed coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating for the company. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.84.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider directly owned 26,413 shares of the company's stock, valued at $9,772,810. This represents a 63.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel directly owned 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock valued at $36,771,200 in the last ninety days. Corporate insiders own 0.13% of the company's stock.

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.