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

Mutual Advisors LLC increased its holdings in shares of Visa Inc. (NYSE:VFree Report) by 11.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in V. Norges Bank bought a new stake in shares of Visa during the 4th quarter valued at about $3,895,015,000. International Assets Investment Management LLC lifted its stake in Visa by 17,418.7% during the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after purchasing an additional 4,710,188 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Visa by 14,306.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock valued at $390,595,000 after purchasing an additional 1,489,856 shares during the last quarter. Capital World Investors lifted its stake in Visa by 8.0% during the fourth quarter. Capital World Investors now owns 17,895,788 shares of the credit-card processor’s stock valued at $4,659,169,000 after purchasing an additional 1,323,238 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Visa by 139.4% in the 4th quarter. Capital Research Global Investors now owns 2,185,077 shares of the credit-card processor’s stock valued at $568,885,000 after acquiring an additional 1,272,211 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Paul D. Fabara sold 25,293 shares of Visa 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 completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a 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 dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Visa Price Performance

NYSE V opened at $265.44 on Wednesday. The company has a market cap of $485.47 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.82 and a beta of 0.95. Visa Inc. has a 52 week low of $227.68 and a 52 week high of $290.96. 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 firm’s 50-day simple moving average is $273.07 and its two-hundred day simple moving average is $274.01.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the business earned $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on V shares. Robert W. Baird upped their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Wedbush increased their price target on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Bank of America reiterated a “neutral” rating and issued a $297.00 target price (down from $305.00) on shares of Visa in a research note on Wednesday. Piper Sandler assumed coverage on shares of Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target on the stock. Finally, Mizuho raised their price target on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $304.44.

View Our Latest Stock Report on Visa

Visa Company 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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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