Captrust Financial Advisors Buys 10,549 Shares of Visa Inc. $V

Captrust Financial Advisors increased its stake in shares of Visa Inc. (NYSE:VFree Report) by 1.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 578,855 shares of the credit-card processor’s stock after purchasing an additional 10,549 shares during the period. Captrust Financial Advisors’ holdings in Visa were worth $197,609,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Parvin Asset Management LLC boosted its holdings in Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 50 shares during the period. Sagard Holdings Management Inc. purchased a new position in shares of Visa during the second quarter worth about $31,000. Bare Financial Services Inc lifted its position in Visa by 287.0% during the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the last quarter. Imprint Wealth LLC bought a new position in shares of Visa in the 3rd quarter worth $39,000. Finally, Winnow Wealth LLC purchased a new position in Visa in the second quarter worth $40,000. 82.15% of the stock is currently owned by institutional investors.

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Visa Stock Performance

Shares of Visa stock opened at $308.55 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $323.65 and a two-hundred day simple moving average of $335.32. The firm has a market capitalization of $560.07 billion, a P/E ratio of 28.94, a P/E/G ratio of 1.78 and a beta of 0.78. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data 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. Visa had a net margin of 50.23% and a return on equity of 61.74%. The business had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the firm posted $2.75 earnings per share. Visa’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities analysts forecast 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 issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Visa’s dividend payout ratio (DPR) is presently 25.14%.

Analyst Ratings Changes

Several brokerages have recently commented on V. Morgan Stanley reiterated an “overweight” rating and set a $411.00 price objective (up from $398.00) on shares of Visa in a research report on Friday, January 30th. Truist Financial set a $372.00 price objective on Visa in a report on Tuesday, February 10th. Bank of America began coverage on Visa in a research note on Thursday, March 5th. They set a “buy” rating and a $410.00 price objective for the company. Evercore set a $380.00 price target on shares of Visa in a report on Friday, December 12th. Finally, TD Cowen restated a “buy” rating on shares of Visa in a report on Friday, January 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $392.65.

Check Out Our Latest Report on Visa

Insider Activity

In related news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the transaction, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 650 shares of the business’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 of the company’s stock, valued at $829,471.98. This represents a 19.53% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.12% of the company’s stock.

About Visa

(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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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