Butensky & Cohen Financial Security Inc. Lowers Stock Holdings in Visa Inc. (NYSE:V)

Butensky & Cohen Financial Security Inc. trimmed its position in shares of Visa Inc. (NYSE:V) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,032 shares of the credit-card processor’s stock after selling 494 shares during the quarter. Visa accounts for approximately 1.5% of Butensky & Cohen Financial Security Inc.’s investment portfolio, making the stock its 23rd biggest position. Butensky & Cohen Financial Security Inc.’s holdings in Visa were worth $4,282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. raised its position in Visa by 1.2% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 77,046 shares of the credit-card processor’s stock valued at $17,371,000 after purchasing an additional 951 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in Visa in the 1st quarter valued at about $677,000. Point72 Europe London LLP raised its position in shares of Visa by 56.4% during the 4th quarter. Point72 Europe London LLP now owns 24,871 shares of the credit-card processor’s stock worth $5,167,000 after acquiring an additional 8,971 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Visa by 9.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 371,379 shares of the credit-card processor’s stock worth $83,731,000 after acquiring an additional 30,849 shares in the last quarter. Finally, BerganKDV Wealth Management LLC raised its position in shares of Visa by 7.9% during the 1st quarter. BerganKDV Wealth Management LLC now owns 24,257 shares of the credit-card processor’s stock worth $5,469,000 after acquiring an additional 1,773 shares in the last quarter. 81.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In related news, insider Rajat Taneja sold 15,800 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $250.01, for a total value of $3,950,158.00. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at $58,030,321.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, insider Rajat Taneja sold 15,800 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $250.01, for a total transaction of $3,950,158.00. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at $58,030,321.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 24,025 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total value of $5,766,000.00. The disclosure for this sale can be found here. Insiders sold a total of 81,550 shares of company stock valued at $19,795,806 over the last three months. 0.21% of the stock is currently owned by insiders.

Visa Stock Performance

Shares of V stock opened at $244.64 on Tuesday. The stock has a fifty day moving average price of $241.67 and a 200 day moving average price of $232.37. The stock has a market cap of $455.48 billion, a PE ratio of 31.05, a P/E/G ratio of 1.81 and a beta of 0.95. Visa Inc. has a 1 year low of $174.60 and a 1 year high of $250.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 1.49.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.05. The firm had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Visa had a return on equity of 49.42% and a net margin of 51.94%. Visa’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.98 earnings per share. Sell-side analysts forecast that Visa Inc. will post 8.65 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is 22.84%.

Wall Street Analysts Forecast Growth

V has been the topic of several research analyst reports. Susquehanna raised their target price on Visa from $266.00 to $300.00 in a research report on Wednesday, July 26th. Wedbush reissued an “outperform” rating and set a $270.00 target price on shares of Visa in a research report on Thursday, August 31st. StockNews.com started coverage on Visa in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Raymond James raised their price target on Visa from $282.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Finally, Truist Financial raised their price target on Visa from $270.00 to $275.00 in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $273.77.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.