AR Asset Management Inc. Buys Shares of 800 Visa Inc. (NYSE:V)

AR Asset Management Inc. bought a new stake in Visa Inc. (NYSE:V) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 800 shares of the credit-card processor’s stock, valued at approximately $210,000.

Other large investors have also recently modified their holdings of the company. Westend Capital Management LLC acquired a new stake in shares of Visa in the 1st quarter valued at $25,000. Livelsberger Financial Advisory acquired a new stake in shares of Visa during the 4th quarter valued at $25,000. POM Investment Strategies LLC boosted its holdings in shares of Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after acquiring an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of Visa during the 4th quarter valued at $33,000. Finally, TruNorth Capital Management LLC boosted its holdings in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $285.25 on Friday. Visa Inc. has a one year low of $227.78 and a one year high of $293.07. The firm has a market capitalization of $519.81 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 2.05 and a beta of 0.96. The business has a 50-day simple moving average of $270.27 and a 200 day simple moving average of $273.46. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. During the same period in the previous year, the company posted $2.16 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

Analysts Set New Price Targets

V has been the topic of several recent research reports. TD Cowen cut their price objective on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Piper Sandler cut their price objective on Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, Compass Point started coverage on Visa in a report on Wednesday, September 4th. They set a “buy” rating and a $319.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.22.

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.