Visa Inc. (NYSE:V) Holdings Lifted by KFG Wealth Management LLC

KFG Wealth Management LLC raised its position in Visa Inc. (NYSE:V) by 13.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 949 shares of the credit-card processor’s stock after purchasing an additional 111 shares during the quarter. KFG Wealth Management LLC’s holdings in Visa were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in V. Livelsberger Financial Advisory bought a new position in Visa during the fourth quarter valued at about $25,000. Westend Capital Management LLC bought a new position in shares of Visa during the 1st quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 4th quarter valued at about $32,000. Frank Rimerman Advisors LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $33,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $37,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

V traded up $0.50 during trading on Wednesday, reaching $268.73. 5,017,760 shares of the company’s stock were exchanged, compared to its average volume of 6,819,253. The company has a market capitalization of $491.49 billion, a P/E ratio of 30.03, a PEG ratio of 1.80 and a beta of 0.95. 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 business has a 50 day moving average price of $273.58 and a 200 day moving average price of $273.69. Visa Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96.

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

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insider Activity at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The stock was 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 SEC, which is available through the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, 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 at this hyperlink. Also, Director Lloyd Carney sold 909 shares of the company’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 directly owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

V has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Macquarie lifted their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Piper Sandler started coverage on Visa in a report on Monday, May 13th. They issued an “overweight” rating and a $322.00 target price for the company. Oppenheimer lifted their price target on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Evercore ISI decreased their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

Visa Company 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.