Visa Inc. $V Shares Purchased by ST Germain D J Co. Inc.

Key Points

• ST Germain D J Co. Inc. increased its holdings in Visa Inc. by 3.4%, totaling 28,737 shares valued at approximately $10.2 million.
• Visa reported earnings of $2.98 per share, exceeding analyst expectations of $2.85, and achieved revenue of $10.17 billion for the quarter.
• The company recently paid a quarterly dividend of $0.59, representing an annual yield of 0.7% and a dividend payout ratio of 23.05%.

ST Germain D J Co. Inc. boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,737 shares of the credit-card processor's stock after acquiring an additional 957 shares during the period. ST Germain D J Co. Inc.'s holdings in Visa were worth $10,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new stake in Visa in the 1st quarter valued at about $26,000. von Borstel & Associates Inc. acquired a new stake in Visa in the 1st quarter valued at about $27,000. Family Legacy Financial Solutions LLC acquired a new stake in Visa in the 2nd quarter valued at about $28,000. Cranbrook Wealth Management LLC grew its stake in Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock valued at $32,000 after acquiring an additional 41 shares during the last quarter. Finally, 1 North Wealth Services LLC acquired a new stake in Visa in the 1st quarter valued at about $38,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Oppenheimer raised their price target on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective for the company. Macquarie boosted their price objective on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. Finally, Truist Financial cut 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. 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $385.96.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction 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 completion of the sale, the general counsel owned 11,925 shares of the company's stock, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the 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 directly owned 537 shares of the company's stock, valued at $190,001.34. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

V opened at $337.15 on Friday. The company's 50 day simple moving average is $344.65 and its 200 day simple moving average is $346.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 1 year low of $272.78 and a 1 year high of $375.51. The stock has a market capitalization of $617.93 billion, a PE ratio of 32.92, a P/E/G ratio of 2.24 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. During the same period last year, the company earned $2.42 earnings per share. The company's quarterly revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's dividend payout ratio is presently 23.05%.

Visa 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.

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