Visa Inc. (NYSE:V) Shares Bought by Telos Capital Management Inc.

Posted by Defense World Staff on Apr 10th, 2023

Telos Capital Management Inc. lifted its holdings in Visa Inc. (NYSE:V – Get Rating) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,906 shares of the credit-card processor’s stock after buying an additional 1,578 shares during the period. Visa makes up 1.6% of Telos Capital Management Inc.’s holdings, making the stock its 14th biggest position. Telos Capital Management Inc.’s holdings in Visa were worth $11,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Domani Wealth LLC increased its stake in shares of Visa by 2.7% in the 4th quarter. Domani Wealth LLC now owns 1,729 shares of the credit-card processor’s stock worth $359,000 after acquiring an additional 46 shares during the last quarter. Pitti Group Wealth Management LLC raised its stake in Visa by 1.2% during the fourth quarter. Pitti Group Wealth Management LLC now owns 3,802 shares of the credit-card processor’s stock worth $790,000 after purchasing an additional 46 shares during the period. CNB Bank grew its stake in shares of Visa by 0.8% in the 2nd quarter. CNB Bank now owns 6,338 shares of the credit-card processor’s stock valued at $1,248,000 after buying an additional 49 shares during the period. S.C. Financial Services Inc. increased its holdings in shares of Visa by 2.3% during the 4th quarter. S.C. Financial Services Inc. now owns 2,140 shares of the credit-card processor’s stock worth $445,000 after buying an additional 49 shares during the last quarter. Finally, Greenwood Capital Associates LLC raised its position in Visa by 3.1% in the fourth quarter. Greenwood Capital Associates LLC now owns 1,645 shares of the credit-card processor’s stock valued at $342,000 after purchasing an additional 49 shares during the period. 81.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In related news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $223.99, for a total value of $12,991,420.00. Following the completion of the transaction, the chairman now owns 162,354 shares of the company’s stock, valued at approximately $36,365,672.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of Visa stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $223.99, for a total value of $12,991,420.00. Following the completion of the sale, the chairman now owns 162,354 shares in the company, valued at approximately $36,365,672.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 13,394 shares of the stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the transaction, the general counsel now owns 4,583 shares in the company, valued at $1,003,677. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,115 shares of company stock valued at $30,115,598. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on V. Credit Suisse Group upped their price target on Visa from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. Oppenheimer boosted their price target on shares of Visa from $210.00 to $237.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. Wolfe Research lifted their price objective on shares of Visa from $240.00 to $255.00 in a report on Thursday, January 5th. Jefferies Financial Group increased their target price on shares of Visa from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 18th. Finally, Robert W. Baird lifted their target price on Visa from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.11.

Visa Stock Down 1.0 %

Shares of NYSE V opened at $225.99 on Monday. Visa Inc. has a 52 week low of $174.60 and a 52 week high of $234.30. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $425.09 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. The firm has a 50-day moving average price of $223.74 and a 200 day moving average price of $211.12.

Visa (NYSE:V – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.17. Visa had a return on equity of 49.95% and a net margin of 50.28%. The firm had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.70 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. Visa’s revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 8.43 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from Visa’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, February 9th. Visa’s dividend payout ratio (DPR) is 25.17%.

Visa Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).