Visa Inc. $V Shares Acquired by WBI Investments LLC

WBI Investments LLC raised its stake in Visa Inc. (NYSE:VFree Report) by 53.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,824 shares of the credit-card processor’s stock after buying an additional 2,029 shares during the quarter. WBI Investments LLC’s holdings in Visa were worth $1,988,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in V. Centaurus Financial Inc. grew its position in Visa by 18.7% in the third quarter. Centaurus Financial Inc. now owns 14,023 shares of the credit-card processor’s stock worth $4,787,000 after acquiring an additional 2,205 shares during the period. First Affirmative Financial Network grew its holdings in shares of Visa by 5.7% during the 3rd quarter. First Affirmative Financial Network now owns 6,028 shares of the credit-card processor’s stock worth $2,058,000 after purchasing an additional 327 shares during the period. Mayport LLC increased its position in shares of Visa by 4.8% during the 3rd quarter. Mayport LLC now owns 2,076 shares of the credit-card processor’s stock worth $709,000 after purchasing an additional 95 shares during the last quarter. Caerus Investment Advisors LLC raised its holdings in Visa by 9.5% in the 3rd quarter. Caerus Investment Advisors LLC now owns 1,406 shares of the credit-card processor’s stock valued at $480,000 after buying an additional 122 shares during the period. Finally, First Commonwealth Financial Corp PA lifted its position in Visa by 41.6% in the third quarter. First Commonwealth Financial Corp PA now owns 6,149 shares of the credit-card processor’s stock valued at $2,099,000 after buying an additional 1,806 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Truist Financial set a $372.00 target price on shares of Visa in a report on Tuesday, February 10th. Rothschild & Co Redburn set a $385.00 target price on Visa in a research report on Wednesday, January 28th. TD Cowen restated a “buy” rating on shares of Visa in a research note on Friday, January 30th. Finally, Evercore set a $380.00 price objective on Visa in a report on Friday, December 12th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $392.65.

View Our Latest Stock Report on Visa

Insider Buying and Selling

In other news, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares in the company, valued at $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.12% of the company’s stock.

Visa Price Performance

V stock opened at $299.09 on Thursday. The stock has a market cap of $542.90 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 1.77 and a beta of 0.78. Visa Inc. has a fifty-two week low of $298.50 and a fifty-two week high of $375.51. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $322.51 and a 200 day moving average price of $335.07.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping the consensus estimate of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.75 earnings per share. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is presently 25.14%.

More Visa News

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Visa Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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