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Visa Inc. $V Shares Sold by IFP Advisors Inc

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Key Points

  • IFP Advisors Inc cut its Visa stake by 12.9% in the fourth quarter, selling 6,459 shares and ending with 43,563 shares valued at about $15.3 million.
  • Visa reported strong quarterly results, with EPS of $3.31 beating estimates and revenue rising 17.1% year over year to $11.23 billion. The company also posted a 65% return on equity and a 51.68% net margin.
  • Visa approved a $20 billion share buyback and declared a quarterly dividend of $0.67 per share, signaling continued capital returns to shareholders. Analysts remain broadly bullish, with an average rating of “Buy” and an average price target of $387.67.
  • Five stocks we like better than Visa.

IFP Advisors Inc lowered its position in Visa Inc. (NYSE:V - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,563 shares of the credit-card processor's stock after selling 6,459 shares during the quarter. IFP Advisors Inc's holdings in Visa were worth $15,278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Clayton Financial Group LLC grew its holdings in Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor's stock valued at $25,000 after buying an additional 58 shares during the period. PayPay Securities Corp lifted its position in Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock worth $26,000 after acquiring an additional 38 shares in the last quarter. Cresta Advisors Ltd. acquired a new position in Visa during the 4th quarter worth approximately $26,000. Parvin Asset Management LLC lifted its position in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after acquiring an additional 50 shares in the last quarter. Finally, Dorato Capital Management acquired a new position in Visa during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Trading Down 0.8%

Shares of Visa stock opened at $329.93 on Wednesday. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51. The firm has a market cap of $591.83 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 1.78 and a beta of 0.78. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $311.72 and a 200-day simple moving average of $325.56.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same period in the prior year, the business posted $2.76 earnings per share. Visa's revenue was up 17.1% compared to the same quarter last year. On average, equities analysts forecast that Visa Inc. will post 13.09 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa's dividend payout ratio is currently 23.34%.

Visa declared that its Board of Directors has approved a share buyback plan on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on V shares. Rothschild & Co Redburn set a $385.00 price target on Visa in a research report on Wednesday, January 28th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $395.00 price target on shares of Visa in a report on Friday, January 30th. Oppenheimer reiterated an "outperform" rating and issued a $403.00 price target (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Loop Capital began coverage on Visa in a research note on Tuesday, March 31st. They set a "buy" rating and a $387.00 price objective for the company. Finally, Freedom Capital upgraded Visa from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 16th. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $387.67.

Read Our Latest Stock Report on V

Visa News Roundup

Here are the key news stories impacting Visa this week:

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of the company's stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the transaction, the chief executive officer directly owned 15,174 shares of the company's stock, valued at $5,161,284.36. This represents a 67.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd Carney sold 650 shares of the company's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 42,744 shares of company stock valued at $14,356,010. Corporate insiders own 0.12% of the company's stock.

About Visa

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

See Also

Institutional Ownership by Quarter for Visa (NYSE:V)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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