Visa Inc. $V Shares Acquired by Arvest Bank Trust Division

Arvest Bank Trust Division grew its holdings in Visa Inc. (NYSE:V) by 620.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 11,001 shares of the credit-card processor’s stock after buying an additional 9,475 shares during the quarter. Arvest Bank Trust Division’s holdings in Visa were worth $3,325,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Clayton Financial Group LLC raised its position in shares of Visa by 446.2% during 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 boosted its position in Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 38 shares during the period. Cresta Advisors Ltd. acquired a new position in Visa during the 4th quarter worth $26,000. Parvin Asset Management LLC grew its position in shares of Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 50 shares in the last quarter. Finally, Dorato Capital Management acquired a new stake in shares of Visa in the 4th quarter valued at $30,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

V has been the subject of a number of research reports. UBS Group boosted their price target on shares of Visa from $390.00 to $410.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Evercore set a $350.00 target price on Visa in a report on Wednesday, April 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $450.00 price target on shares of Visa in a report on Tuesday, June 2nd. Robert W. Baird set a $412.00 target price on shares of Visa and gave the company an “outperform” rating in a report on Monday, July 6th. Finally, Clear Str upgraded Visa to a “strong-buy” rating in a research report on Thursday, July 16th. Seven research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Visa has a consensus rating of “Buy” and a consensus target price of $398.36.

Insider Buying and Selling

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at $6,625,440. This represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction on Tuesday, May 12th. The shares were 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 75,581 shares of company stock worth $25,627,975 in the last three months. 0.12% of the stock is currently owned by insiders.

Visa Stock Performance

Shares of V opened at $355.94 on Wednesday. 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 firm has a market cap of $638.47 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 1.92 and a beta of 0.75. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $365.14. The business’s 50 day moving average is $335.74 and its two-hundred day moving average is $325.08.

Visa (NYSE:V) last posted its quarterly 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 net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same period in the previous year, the business posted $2.76 EPS. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Analysts forecast that Visa Inc. will post 13.13 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a 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 has initiated a share repurchase plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Visa Company Profile

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.