Visa Inc. (NYSE:V) Stock Holdings Increased by Savvy Advisors Inc.

Key Points

• Savvy Advisors Inc. increased its holdings in Visa Inc. by 22.0% during the first quarter, bringing its total shares to 13,341, valued at approximately $4.675 million.
• Multiple institutional investors, including National Bank of Canada FI and AlphaCore Capital LLC, significantly grew their positions in Visa, indicating strong interest from large financial entities.
• Visa recently announced a quarterly dividend of $0.59, with a payout ratio of 23.05%, scheduled to be paid on September 2nd to investors of record on August 12th.

Savvy Advisors Inc. raised its position in shares of Visa Inc. (NYSE:V - Free Report) by 22.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,341 shares of the credit-card processor's stock after buying an additional 2,405 shares during the quarter. Savvy Advisors Inc.'s holdings in Visa were worth $4,675,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of V. National Bank of Canada FI grew its position in shares of Visa by 130.5% during the 1st quarter. National Bank of Canada FI now owns 1,438,767 shares of the credit-card processor's stock valued at $504,170,000 after buying an additional 814,651 shares during the last quarter. LaSalle St. Investment Advisors LLC boosted its stake in Visa by 3.0% in the first quarter. LaSalle St. Investment Advisors LLC now owns 6,719 shares of the credit-card processor's stock valued at $2,354,000 after acquiring an additional 198 shares during the period. Nutshell Asset Management Ltd bought a new position in shares of Visa during the first quarter valued at approximately $1,682,000. Swiss National Bank raised its position in shares of Visa by 3.4% during the 1st quarter. Swiss National Bank now owns 4,877,500 shares of the credit-card processor's stock worth $1,709,369,000 after purchasing an additional 158,500 shares during the period. Finally, AlphaCore Capital LLC lifted its holdings in shares of Visa by 72.4% in the 1st quarter. AlphaCore Capital LLC now owns 27,272 shares of the credit-card processor's stock worth $9,555,000 after purchasing an additional 11,453 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction that occurred 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 transaction, the insider owned 26,413 shares in the company, valued at $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,100 shares of company stock valued at $27,643,224. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on V shares. Piper Sandler increased their target price on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Truist Financial decreased their target price on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Barclays reaffirmed an "overweight" rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. Raymond James Financial reissued an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Finally, Mizuho raised Visa from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $380.84.

Visa Stock Performance

V opened at $331.98 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market cap of $612.55 billion, a PE ratio of 32.42, a P/E/G ratio of 2.27 and a beta of 0.94. The business has a fifty day simple moving average of $353.36 and a 200-day simple moving average of $346.87. Visa Inc. has a fifty-two week low of $257.92 and a fifty-two week high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion for 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 company's revenue was up 14.3% on a year-over-year basis. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's payout ratio 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.

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