12,389 Shares in Visa Inc. (NYSE:V) Bought by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,389 shares of the credit-card processor's stock, valued at approximately $3,458,000. Visa comprises approximately 0.9% of MFA Wealth Advisors LLC's investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds have also recently made changes to their positions in V. Summit Financial LLC grew its stake in shares of Visa by 6.4% in the first quarter. Summit Financial LLC now owns 21,839 shares of the credit-card processor's stock worth $6,095,000 after purchasing an additional 1,312 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Visa by 1.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 376,333 shares of the credit-card processor's stock valued at $105,027,000 after buying an additional 6,026 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Visa by 5.1% in the first quarter. Private Trust Co. NA now owns 12,604 shares of the credit-card processor's stock valued at $3,518,000 after buying an additional 607 shares during the period. Zhang Financial LLC raised its position in shares of Visa by 9.4% during the first quarter. Zhang Financial LLC now owns 5,458 shares of the credit-card processor's stock worth $1,523,000 after acquiring an additional 471 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in shares of Visa by 0.4% in the first quarter. CENTRAL TRUST Co now owns 78,405 shares of the credit-card processor's stock worth $21,881,000 after acquiring an additional 308 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

NYSE:V traded down $1.29 on Thursday, reaching $274.29. 6,115,738 shares of the company's stock were exchanged, compared to its average volume of 6,342,460. The firm has a market cap of $501.66 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 1.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a fifty day simple moving average of $276.88 and a 200-day simple moving average of $269.49. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.09 earnings per share. As a group, sell-side analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa's payout ratio is 23.24%.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the company's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares of the company's stock, valued at approximately $4,959,322.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lloyd Carney sold 909 shares of the firm's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock worth $9,559,382 in the last three months. Corporate insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group increased their price target on Visa from $315.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Susquehanna lifted their target price on Visa from $300.00 to $326.00 and gave the stock a "positive" rating in a report on Friday, January 26th. Citigroup increased their price target on Visa from $314.00 to $321.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Visa from $305.00 to $315.00 and gave the company an "outperform" rating in a research note on Friday, January 26th. Finally, TD Cowen started coverage on shares of Visa in a research report on Thursday, April 11th. They set a "buy" rating and a $320.00 target price on the stock. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $303.76.

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.

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