Mutual Advisors LLC Increases Holdings in Visa Inc. (NYSE:V)

Mutual Advisors LLC lifted its stake in Visa Inc. (NYSE:VFree Report) by 11.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,355 shares of the credit-card processor’s stock after purchasing an additional 4,852 shares during the period. Mutual Advisors LLC’s holdings in Visa were worth $13,495,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Livelsberger Financial Advisory acquired a new stake in Visa in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new position in Visa during the first quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the fourth quarter worth about $32,000. Frank Rimerman Advisors LLC acquired a new position in Visa during the fourth quarter worth about $33,000. Finally, Valued Wealth Advisors LLC acquired a new position in Visa in the 4th quarter valued at about $37,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.4 %

Visa stock opened at $265.44 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $273.07 and a two-hundred day moving average of $274.01. Visa Inc. has a twelve month low of $227.68 and a twelve month high of $290.96. The firm has a market cap of $485.47 billion, a P/E ratio of 29.66, a P/E/G ratio of 1.82 and a beta of 0.95.

Visa (NYSE:VGet 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 business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 EPS. On average, analysts forecast that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is 23.24%.

Analysts Set New Price Targets

V has been the subject of a number of research analyst reports. UBS Group increased their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Piper Sandler initiated coverage on shares of Visa in a research report on Monday, May 13th. They set an “overweight” rating and a $322.00 price objective on the stock. Bank of America reiterated a “neutral” rating and issued a $297.00 price objective (down previously from $305.00) on shares of Visa in a research note on Wednesday. Royal Bank of Canada boosted their price objective on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird boosted their target price on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Six investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $304.44.

Read Our Latest Stock Analysis on Visa

Insider Buying and Selling at Visa

In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred 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 $713,950.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Visa Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.