Carr Financial Group Corp Sells 484 Shares of Visa Inc. (NYSE:V)

Carr Financial Group Corp cut its stake in Visa Inc. (NYSE:V) by 29.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,182 shares of the credit-card processor’s stock after selling 484 shares during the period. Carr Financial Group Corp’s holdings in Visa were worth $414,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in V. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the 4th quarter worth approximately $27,000. Compass Planning Associates Inc bought a new position in shares of Visa during the 4th quarter worth approximately $32,000. FPC Investment Advisory Inc. boosted its holdings in shares of Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after buying an additional 83 shares in the last quarter. NewSquare Capital LLC bought a new position in shares of Visa during the 4th quarter worth approximately $35,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Visa during the 4th quarter worth approximately $41,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $188,186.28. This trade represents a 94.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,098 shares of company stock valued at $36,738,526 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of recent research reports. Truist Financial initiated coverage on Visa in a report on Monday, June 2nd. They issued a “buy” rating and a $400.00 target price on the stock. UBS Group increased their target price on Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, May 28th. Macquarie cut their target price on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group initiated coverage on Visa in a report on Monday, June 2nd. They issued a “neutral” rating on the stock. Finally, BMO Capital Markets increased their target price on Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus target price of $372.80.

Visa Trading Down 0.7%

Shares of Visa stock opened at $338.04 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The firm has a market cap of $623.73 billion, a PE ratio of 33.97, a P/E/G ratio of 2.29 and a beta of 0.94. The stock has a fifty day moving average price of $351.78 and a 200-day moving average price of $338.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm posted $2.51 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio is presently 23.72%.

About Visa

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.