Professional Financial Advisors LLC Makes New Investment in Visa Inc. (NYSE:V)

Professional Financial Advisors LLC purchased a new stake in shares of Visa Inc. (NYSE:V) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,251 shares of the credit-card processor’s stock, valued at approximately $1,490,000.

Other hedge funds also recently modified their holdings of the company. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the 4th quarter worth $27,000. NewSquare Capital LLC acquired a new position in Visa during the fourth quarter worth $35,000. FPC Investment Advisory Inc. lifted its stake in shares of Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after buying an additional 83 shares in the last quarter. Sellwood Investment Partners LLC acquired a new position in shares of Visa during the fourth quarter valued at about $41,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in shares of Visa during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

V stock opened at $351.65 on Wednesday. The company has a market capitalization of $648.84 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.31 and a beta of 0.94. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The company’s fifty day moving average price is $352.27 and its 200-day moving average price is $339.26.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same period last year, the company posted $2.51 EPS. The business’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s payout ratio is currently 23.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup started coverage on Visa in a research report on Monday, June 2nd. They issued a “buy” rating for the company. Piper Sandler increased their target price on shares of Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Susquehanna restated a “positive” rating on shares of Visa in a report on Friday, March 21st. The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Monday, June 2nd. They issued a “neutral” rating for the company. Finally, BMO Capital Markets lifted their target price on shares of Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $372.80.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $2,978,899.60. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,098 shares of company stock valued at $36,738,526 in the last quarter. 0.13% of the stock is owned by insiders.

Visa Profile

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.