Fiduciary Financial Group LLC Has $1.47 Million Stock Holdings in Visa Inc. (NYSE:V)

Fiduciary Financial Group LLC decreased its position in shares of Visa Inc. (NYSE:V) by 13.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,532 shares of the credit-card processor’s stock after selling 678 shares during the period. Fiduciary Financial Group LLC’s holdings in Visa were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC boosted its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc purchased a new position in Visa during the fourth quarter worth about $32,000. NewSquare Capital LLC purchased a new position in Visa during the fourth quarter worth about $35,000. Finally, FPC Investment Advisory Inc. boosted its holdings in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Piper Sandler boosted their target price on shares of Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. The Goldman Sachs Group began coverage on shares of Visa in a research note on Monday, June 2nd. They set a “neutral” rating on the stock. Evercore ISI began coverage on shares of Visa in a research note on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price target on the stock. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $372.80.

Visa Stock Performance

Shares of NYSE V opened at $366.72 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $676.66 billion, a price-to-earnings ratio of 36.97, a P/E/G ratio of 2.33 and a beta of 0.94. The business’s 50-day simple moving average is $345.86 and its 200-day simple moving average is $336.28. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $371.00.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.51 EPS. As a group, equities research analysts expect that Visa Inc. will post 11.3 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 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa’s dividend payout ratio (DPR) is currently 23.72%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $188,186.28. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 46,214 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at $9,772,810. The trade was a 63.63% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,162 shares of company stock valued at $58,645,479. Company insiders own 0.13% of the company’s stock.

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.