Avior Wealth Management LLC lessened its stake in shares of Visa Inc. (NYSE:V - Free Report) by 18.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,043 shares of the credit-card processor's stock after selling 2,693 shares during the quarter. Avior Wealth Management LLC's holdings in Visa were worth $4,221,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of V. Hirtle Callaghan & Co LLC raised its holdings in shares of Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after buying an additional 29 shares during the last quarter. FWL Investment Management LLC raised its holdings in shares of Visa by 0.5% in the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after buying an additional 29 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. raised its holdings in shares of Visa by 0.4% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock valued at $2,302,000 after buying an additional 30 shares during the last quarter. Capstone Financial Advisors Inc. raised its holdings in shares of Visa by 3.6% in the fourth quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after buying an additional 30 shares during the last quarter. Finally, Headinvest LLC raised its holdings in shares of Visa by 0.8% in the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on V. Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Macquarie dropped their price target on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group started coverage on shares of Visa in a research note on Monday, June 2nd. They set a "neutral" rating for the company. Finally, UBS Group boosted their price target on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $372.80.
View Our Latest Analysis on Visa
Insider Transactions at Visa
In other Visa news, insider Paul D. Fabara sold 14,813 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,377,671.52. The trade was a 35.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were 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 now owns 11,925 shares in the company, 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. Insiders sold 101,098 shares of company stock valued at $36,738,526 over the last quarter. Corporate insiders own 0.13% of the company's stock.
Visa Stock Down 0.7%
Shares of NYSE:V opened at $338.04 on Friday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. 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 market capitalization of $623.73 billion, a PE ratio of 33.97, a PEG ratio of 2.29 and a beta of 0.94. The company has a 50 day moving average price of $351.78 and a two-hundred day moving average price of $338.54.
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 the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm 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 firm earned $2.51 earnings per share. The business's quarterly revenue was up 9.3% on a year-over-year basis. Analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is 23.72%.
Visa Profile
(
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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