Visa Inc. $V Shares Purchased by Osprey Private Wealth LLC

Osprey Private Wealth LLC raised its position in Visa Inc. (NYSE:V) by 5.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,268 shares of the credit-card processor’s stock after buying an additional 2,378 shares during the period. Visa comprises about 3.9% of Osprey Private Wealth LLC’s portfolio, making the stock its 4th largest holding. Osprey Private Wealth LLC’s holdings in Visa were worth $13,380,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Clayton Financial Group LLC increased its position in shares of Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after purchasing an additional 58 shares in the last quarter. PayPay Securities Corp grew its holdings in shares of Visa by 102.7% during the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 38 shares in the last quarter. Cresta Advisors Ltd. purchased a new stake in shares of Visa during the fourth quarter worth $26,000. Parvin Asset Management LLC raised its position in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 50 shares during the last quarter. Finally, Dorato Capital Management acquired a new stake in shares of Visa in the fourth quarter valued at about $30,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Up 0.2%

V stock traded up $0.85 during trading on Friday, reaching $349.05. 4,701,656 shares of the stock were exchanged, compared to its average volume of 8,985,494. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average price of $330.81 and a 200-day moving average price of $325.05. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $365.02. The firm has a market capitalization of $626.12 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 1.86 and a beta of 0.75.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.21. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 EPS. On average, research analysts predict that Visa Inc. will post 13.1 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio is presently 23.34%.

Visa declared that its Board of Directors has authorized a stock buyback program on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on V. Weiss Ratings upgraded shares of Visa from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Morgan Stanley reiterated an “overweight” rating and issued a $415.00 price objective on shares of Visa in a report on Wednesday, April 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $389.00 price target on shares of Visa in a report on Wednesday, April 29th. Piper Sandler started coverage on Visa in a research report on Monday, June 29th. They set an “overweight” rating and a $394.00 price objective on the stock. Finally, Citigroup lowered their price objective on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Seven research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Visa has a consensus rating of “Buy” and an average target price of $397.91.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the completion of the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This trade represents a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares in the company, valued at $3,206,524.32. This represents a 51.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 75,581 shares of company stock worth $25,627,975. Company insiders own 0.12% of the company’s stock.

About Visa

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.