Leo Wealth LLC increased its holdings in Visa Inc. (NYSE:V – Free Report) by 49.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,903 shares of the credit-card processor’s stock after acquiring an additional 2,632 shares during the period. Leo Wealth LLC’s holdings in Visa were worth $2,799,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Yeomans Consulting Group Inc. raised its position in Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor’s stock valued at $360,000 after purchasing an additional 29 shares in the last quarter. Semus Wealth Partners LLC raised its position in Visa by 0.8% during the first quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor’s stock valued at $1,209,000 after purchasing an additional 29 shares in the last quarter. BankPlus Wealth Management LLC raised its position in Visa by 0.9% during the second quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor’s stock valued at $1,185,000 after purchasing an additional 29 shares in the last quarter. Wood Tarver Financial Group LLC raised its position in Visa by 11.1% during the first quarter. Wood Tarver Financial Group LLC now owns 301 shares of the credit-card processor’s stock valued at $105,000 after purchasing an additional 30 shares in the last quarter. Finally, Synergy Investment Management LLC raised its position in Visa by 5.3% during the first quarter. Synergy Investment Management LLC now owns 597 shares of the credit-card processor’s stock valued at $209,000 after purchasing an additional 30 shares in the last quarter. 82.15% of the stock is owned by institutional investors.
Visa Stock Down 1.0%
Shares of NYSE:V opened at $343.63 on Monday. The stock’s 50-day moving average price is $343.77 and its 200-day moving average price is $346.97. Visa Inc. has a 12-month low of $275.37 and a 12-month high of $375.51. The stock has a market capitalization of $629.79 billion, a P/E ratio of 33.56, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.
Visa Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is presently 23.05%.
Analyst Ratings Changes
V has been the topic of a number of research reports. Truist Financial lowered their price target on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Robert W. Baird set a $410.00 price target on Visa and gave the company an “outperform” rating in a research report on Monday, October 6th. Raymond James Financial restated an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th. Finally, Oppenheimer raised their price target on Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $389.00.
Insider Activity
In related news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.
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.
Featured Stories
- Five stocks we like better than Visa
- Transportation Stocks Investing
- Microsoft 365 Premium Marks the Next Phase of AI Monetization
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Could Target’s Week of Discounts Come Full Circle for Investors?
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- 3 Reasons to Buy Sprouts Farmers Market Ahead of Earnings
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.