Key Client Fiduciary Advisors LLC Acquires 65 Shares of Visa Inc. (NYSE:V)

Key Client Fiduciary Advisors LLC grew its holdings in Visa Inc. (NYSE:V) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,169 shares of the credit-card processor’s stock after buying an additional 65 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Visa were worth $326,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Livelsberger Financial Advisory acquired a new position in shares of Visa during the fourth quarter valued at $25,000. Westend Capital Management LLC acquired a new position in Visa during the 1st quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa in the 4th quarter valued at about $32,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $33,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Visa during the fourth quarter worth approximately $37,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

V opened at $266.62 on Friday. The business’s 50-day simple moving average is $274.13 and its 200 day simple moving average is $273.41. Visa Inc. has a 52-week low of $226.02 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $487.63 billion, a PE ratio of 29.79, a PEG ratio of 1.87 and a beta of 0.97.

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

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. Visa’s payout ratio is 23.24%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on V shares. Citigroup raised their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Mizuho boosted their target price on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Piper Sandler assumed coverage on shares of Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target on the stock. Finally, Evercore ISI decreased their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $303.56.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’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 transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,402 shares of company stock valued at $9,559,382. 0.19% of the stock is owned by company 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.