Visa Inc. (NYSE:V) Stock Position Increased by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC increased its holdings in Visa Inc. by 3.2%, owning 36,696 shares worth approximately $12.8 million after acquiring additional shares in the first quarter.
• Analysts are optimistic about Visa's future, with ratings from Raymon James and Barclays, including a price target increase to $408 and reaffirming a "buy" by UBS Group at $415.
• Visa announced a quarterly dividend of $0.59 per share, to be paid on September 2nd, which equates to an annualized yield of 0.7%.

Chicago Partners Investment Group LLC grew its position in Visa Inc. (NYSE:V - Free Report) by 3.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,696 shares of the credit-card processor's stock after purchasing an additional 1,146 shares during the period. Chicago Partners Investment Group LLC's holdings in Visa were worth $12,838,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FWL Investment Management LLC boosted its position 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 worth $2,005,000 after acquiring an additional 29 shares during the last quarter. Yeomans Consulting Group Inc. raised its stake in Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after purchasing an additional 29 shares during the period. Semus Wealth Partners LLC grew its stake in shares of Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after buying an additional 29 shares during the period. Capstone Financial Advisors Inc. increased its holdings in shares of Visa by 3.6% during the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock worth $276,000 after buying an additional 30 shares during the last quarter. Finally, Headinvest LLC raised its position in shares of Visa by 0.8% in the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after buying an additional 30 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at $9,772,810. The trade was a 63.63% 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, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,100 shares of company stock worth $27,643,224. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on V. Barclays reissued an "overweight" rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Piper Sandler raised their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Evercore ISI initiated coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Finally, Oppenheimer increased their price objective on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $380.84.

Visa Stock Down 2.3%

NYSE V traded down $7.76 on Thursday, hitting $331.98. 8,793,604 shares of the stock traded hands, compared to its average volume of 6,237,998. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $353.36 and a 200 day moving average of $346.87. Visa Inc. has a twelve month low of $257.92 and a twelve month high of $375.51. The company has a market capitalization of $612.55 billion, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the previous year, the business earned $2.42 EPS. The business's quarterly revenue was up 14.3% on a year-over-year basis. As a group, analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's dividend payout ratio (DPR) is presently 23.05%.

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.