Stance Capital LLC Has $3.67 Million Holdings in Visa Inc. $V

Key Points

• Stance Capital LLC significantly increased its stake in Visa Inc. by 1,332.2% during the first quarter, now holding 10,484 shares valued at approximately $3.67 million.
• Visa's latest quarterly earnings exceeded expectations, with EPS of $2.98 and a revenue of $10.17 billion, marking a 14.3% year-over-year increase.
• The company recently declared a quarterly dividend of $0.59 per share, representing an annual yield of 0.7% with a payout ratio of 23.05%.

Stance Capital LLC grew its stake in Visa Inc. (NYSE:V - Free Report) by 1,332.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,484 shares of the credit-card processor's stock after purchasing an additional 9,752 shares during the quarter. Visa makes up about 2.6% of Stance Capital LLC's holdings, making the stock its 18th largest position. Stance Capital LLC's holdings in Visa were worth $3,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Francis Financial Inc. boosted its position in shares of Visa by 100.1% during the fourth quarter. Francis Financial Inc. now owns 1,597 shares of the credit-card processor's stock valued at $505,000 after buying an additional 799 shares during the period. Ground Swell Capital LLC purchased a new stake in shares of Visa in the fourth quarter valued at approximately $292,000. Finally, Graham Capital Management L.P. purchased a new stake in Visa during the fourth quarter worth $3,926,000. 82.15% of the stock is currently owned by institutional investors.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The shares were 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. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,293 shares of company stock valued at $8,114,295 over the last ninety days. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on V. UBS Group reaffirmed a "buy" rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Barclays restated 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. Morgan Stanley boosted their price target on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Truist Financial decreased their price objective 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. Finally, Citigroup began coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $385.96.

Visa Trading Up 0.5%

NYSE:V traded up $1.81 during trading hours on Tuesday, reaching $344.11. 4,643,732 shares of the company were exchanged, compared to its average volume of 4,978,725. The stock has a 50 day simple moving average of $348.26 and a 200 day simple moving average of $347.15. Visa Inc. has a 52-week low of $268.23 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $630.68 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.28 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released 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. The business had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business's revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $2.42 EPS. As a group, analysts predict 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 Tuesday, September 2nd. Investors of record on Tuesday, August 12th were issued 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 was Tuesday, August 12th. Visa's payout ratio is presently 23.05%.

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.