Visa Inc. $V Stock Position Reduced by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC decreased its stake in Visa Inc. (NYSE:V) by 22.4% in the first quarter, Holdings Channel reports. The institutional investor owned 21,417 shares of the credit-card processor’s stock after selling 6,188 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Visa were worth $6,473,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Chronos Wealth Management LLC grew its holdings in shares of Visa by 0.5% during the 1st quarter. Chronos Wealth Management LLC now owns 30,763 shares of the credit-card processor’s stock valued at $9,298,000 after acquiring an additional 159 shares in the last quarter. Meyer Handelman Co. raised its position in Visa by 8.2% during the first quarter. Meyer Handelman Co. now owns 109,011 shares of the credit-card processor’s stock valued at $32,947,000 after acquiring an additional 8,242 shares in the last quarter. Haven Capital Group Inc. raised its position in Visa by 2.9% during the first quarter. Haven Capital Group Inc. now owns 4,993 shares of the credit-card processor’s stock valued at $1,509,000 after acquiring an additional 141 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Visa in the first quarter valued at approximately $25,902,000. Finally, Aegis Wealth Management Inc. lifted its stake in Visa by 4.7% in the first quarter. Aegis Wealth Management Inc. now owns 1,240 shares of the credit-card processor’s stock valued at $375,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched Visa Destinations, a global travel platform now live in 10 major markets, designed to engage cardholders earlier in the travel journey and deepen use of Visa’s network through curated experiences and exclusive access. Visa Redefines Its Role in Travel With the Global Launch of Visa Destinations
• Positive Sentiment: Visa expanded Visa Cloud Connect with Mintoak and Thredd in Asia Pacific, which could help fintechs and banks issue cards faster and broaden Visa’s reach in merchant SaaS and cloud-based issuing. Visa (V), Mintoak Partner to Expand Merchant SaaS Offerings Across Asia Pacific
• Positive Sentiment: Analysts are highlighting Visa’s new travel push and international expansion efforts as potential future growth drivers, reinforcing the view that Visa can keep monetizing cross-border spending and travel-related activity. Can Visa’s New Travel Play Become Its Next Growth Driver?
• Neutral Sentiment: Several recent write-ups on Visa’s travel and partner initiatives are largely descriptive, but they underscore investor focus on whether these new products can meaningfully add to growth over time. Visa Explores Travel Planning Space With Visa Destinations
• Neutral Sentiment: One opinion piece argued Visa could be vulnerable to payment disruption, but it did not include new fundamental data and appears to be more of a long-term risk discussion than a near-term catalyst. Visa: May Be Next On The Disruption Hit List

Visa Price Performance

NYSE:V opened at $336.96 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. Visa Inc. has a one year low of $293.89 and a one year high of $359.66. The company has a fifty day moving average price of $323.36 and a 200 day moving average price of $324.30. The stock has a market cap of $604.43 billion, a P/E ratio of 29.35, a PEG ratio of 1.80 and a beta of 0.77.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same period last year, the business posted $2.76 EPS. The business’s quarterly revenue was up 17.1% on a year-over-year basis. Analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is presently 23.34%.

Visa declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on V shares. Loop Capital assumed coverage on shares of Visa in a research note on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 price objective on shares of Visa in a research note on Wednesday, April 29th. Raymond James Financial reiterated an “outperform” rating and issued a $389.00 price objective on shares of Visa in a report on Wednesday, April 29th. Bank of America began coverage on shares of Visa in a research report on Thursday, March 5th. They set a “buy” rating and a $410.00 target price on the stock. Finally, UBS Group raised their target price on Visa from $390.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $387.78.

Insider Transactions at Visa

In related news, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the sale, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This trade represents a 51.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the transaction, the chief executive officer owned 15,174 shares in the company, valued at $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is owned by company insiders.

About Visa

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.