Kowal Investment Group LLC Sells 120 Shares of Visa Inc. (NYSE:V)

Kowal Investment Group LLC decreased its position in shares of Visa Inc. (NYSE:V) by 2.2% in the 1st quarter, Holdings Channel reports. The fund owned 5,322 shares of the credit-card processor’s stock after selling 120 shares during the quarter. Kowal Investment Group LLC’s holdings in Visa were worth $1,485,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nadler Financial Group Inc. lifted its position in Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after buying an additional 44 shares during the last quarter. Towerpoint Wealth LLC bought a new stake in shares of Visa during the 4th quarter valued at $216,000. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Visa in the 4th quarter worth about $3,427,000. Richelieu Gestion SA bought a new position in shares of Visa in the 4th quarter worth about $307,000. Finally, Cooper Financial Group lifted its position in Visa by 6.4% during the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after acquiring an additional 476 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of Visa stock traded down $0.32 on Monday, hitting $262.15. 4,681,447 shares of the company’s stock were exchanged, compared to its average volume of 6,792,443. The stock has a market capitalization of $479.46 billion, a PE ratio of 29.23, a PEG ratio of 1.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50-day simple moving average of $273.88 and a 200-day simple moving average of $273.58. Visa Inc. has a 1 year low of $227.68 and a 1 year high of $290.96.

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

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.79%. Visa’s payout ratio is currently 23.24%.

Insider Transactions at Visa

In other Visa news, 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 transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s 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 transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group raised their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. TD Cowen assumed coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price on the stock. Piper Sandler began coverage on Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target for the company. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, Citigroup upped their target price on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

Visa Profile

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.