Visa Inc. $V Shares Acquired by Vest Financial LLC

Vest Financial LLC grew its stake in shares of Visa Inc. (NYSE:VFree Report) by 7.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 160,568 shares of the credit-card processor’s stock after purchasing an additional 11,237 shares during the quarter. Vest Financial LLC’s holdings in Visa were worth $54,815,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new position in shares of Visa in the second quarter worth $29,000. Sagard Holdings Management Inc. acquired a new position in shares of Visa in the 2nd quarter valued at $31,000. Cranbrook Wealth Management LLC raised its stake in Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 41 shares during the last quarter. Bare Financial Services Inc lifted its position in Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 66 shares during the period. Finally, Hoese & Co LLP purchased a new stake in Visa during the 2nd quarter valued at about $36,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.0%

V stock opened at $325.71 on Thursday. Visa Inc. has a one year low of $299.00 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s fifty day moving average is $338.77 and its 200 day moving average is $342.83. The firm has a market cap of $593.36 billion, a PE ratio of 31.90, a P/E/G ratio of 1.92 and a beta of 0.81.

Visa (NYSE:VGet Free Report) last posted its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the company posted $2.71 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s dividend payout ratio is 26.25%.

Insider Activity

In other Visa news, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the transaction, the director directly owned 2,468 shares in the company, valued at approximately $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the transaction, the chief executive officer directly owned 9,401 shares in the company, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 24,042 shares of company stock worth $8,247,289 over the last three months. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on V shares. Truist Financial set a $374.00 price objective on Visa in a research note on Tuesday. Wells Fargo & Company raised shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Citigroup raised shares of Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Hsbc Global Res raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Visa has an average rating of “Buy” and a consensus price target of $401.52.

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Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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