Visa Inc. (NYSE:V) Shares Acquired by Unique Wealth LLC

Unique Wealth LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 44.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,929 shares of the credit-card processor’s stock after acquiring an additional 1,812 shares during the quarter. Unique Wealth LLC’s holdings in Visa were worth $1,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in V. Crestmont Private Wealth LLC boosted its position in shares of Visa by 27.3% during the first quarter. Crestmont Private Wealth LLC now owns 1,944 shares of the credit-card processor’s stock worth $543,000 after buying an additional 417 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Visa by 25.8% during the first quarter. International Assets Investment Management LLC now owns 22,883 shares of the credit-card processor’s stock valued at $6,368,000 after purchasing an additional 4,687 shares during the period. &PARTNERS increased its stake in Visa by 42.8% during the 1st quarter. &PARTNERS now owns 15,420 shares of the credit-card processor’s stock valued at $4,303,000 after buying an additional 4,622 shares during the period. Matthew Goff Investment Advisor LLC raised its position in shares of Visa by 2.1% during the 1st quarter. Matthew Goff Investment Advisor LLC now owns 68,732 shares of the credit-card processor’s stock worth $19,182,000 after buying an additional 1,445 shares in the last quarter. Finally, FOCUS Wealth Advisors LLC increased its stake in shares of Visa by 6.4% during the first quarter. FOCUS Wealth Advisors LLC now owns 7,443 shares of the credit-card processor’s stock valued at $2,077,000 after acquiring an additional 448 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

V has been the subject of several research reports. Macquarie raised their price objective on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. TD Cowen began coverage on shares of Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Evercore ISI increased their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Piper Sandler started coverage on Visa in a report on Monday, May 13th. They issued an “overweight” rating and a $322.00 target price on the stock. Finally, Mizuho upped their target price on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $303.76.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,402 shares of company stock worth $9,559,382. Insiders own 0.19% of the company’s stock.

Visa Stock Down 0.6 %

Shares of V stock opened at $275.22 on Monday. The stock has a fifty day moving average price of $273.97 and a 200 day moving average price of $273.14. The stock has a market cap of $503.36 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. Visa Inc. has a one year low of $225.50 and a one year high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the company posted $2.09 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

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.