JJJ Advisors Inc. raised its stake in Visa Inc. (NYSE:V) by 13.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 862 shares of the credit-card processor’s stock after buying an additional 100 shares during the period. JJJ Advisors Inc.’s holdings in Visa were worth $183,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in V. FNY Investment Advisers LLC lifted its stake in shares of Visa by 129.1% in the 4th quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Kinloch Capital LLC purchased a new stake in shares of Visa during the fourth quarter valued at approximately $27,000. Horan Securities Inc. grew its holdings in shares of Visa by 432.0% in the fourth quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock worth $29,000 after purchasing an additional 108 shares during the last quarter. Cowa LLC bought a new stake in Visa during the 4th quarter valued at $29,000. Finally, New Capital Management LP purchased a new position in shares of Visa during the fourth quarter valued at about $35,000. Institutional investors own 80.50% of the company’s stock.
A number of brokerages have weighed in on V. Wells Fargo & Company raised their target price on shares of Visa from $240.00 to $265.00 and gave the company an “overweight” rating in a research note on Tuesday. Truist Securities increased their target price on Visa from $230.00 to $250.00 in a research note on Wednesday, April 28th. Sanford C. Bernstein began coverage on shares of Visa in a research note on Tuesday, January 26th. They issued an “outperform” rating and a $232.00 price target on the stock. Mizuho lifted their target price on shares of Visa from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Oppenheimer raised their price target on shares of Visa from $245.00 to $260.00 in a research report on Wednesday, April 28th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $246.32.
Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 27th. The credit-card processor reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.12. Visa had a net margin of 49.74% and a return on equity of 37.22%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the previous year, the business posted $1.39 earnings per share. Visa’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 5.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $1.28 annualized dividend and a dividend yield of 0.55%. Visa’s payout ratio is 25.40%.
In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction on Friday, April 30th. The stock was sold at an average price of $235.32, for a total transaction of $2,117,880.00. Following the transaction, the chief executive officer now directly owns 160,112 shares in the company, valued at approximately $37,677,555.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Ryan Mcinerney sold 11,193 shares of Visa stock in a transaction on Monday, February 8th. The shares were sold at an average price of $210.00, for a total value of $2,350,530.00. Following the sale, the president now directly owns 11,193 shares of the company’s stock, valued at $2,350,530. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,843 shares of company stock valued at $29,838,958. 0.19% of the stock is owned by company insiders.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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