Hanson & Doremus Investment Management increased its stake in Visa Inc. (NYSE:V – Free Report) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,036 shares of the credit-card processor’s stock after acquiring an additional 100 shares during the period. Visa makes up approximately 0.8% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its 24th biggest position. Hanson & Doremus Investment Management’s holdings in Visa were worth $3,390,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Global Wealth Strategies & Associates purchased a new position in shares of Visa during the 4th quarter worth about $26,000. JDM Financial Group LLC purchased a new stake in Visa in the 4th quarter worth about $29,000. McElhenny Sheffield Capital Management LLC bought a new stake in Visa in the fourth quarter worth about $31,000. Financial Freedom LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Finally, St. James Investment Advisors LLC grew its stake in shares of Visa by 58.7% during the fourth quarter. St. James Investment Advisors LLC now owns 219 shares of the credit-card processor’s stock valued at $45,000 after buying an additional 81 shares during the last quarter. 84.92% of the stock is owned by institutional investors.
Insider Buying and Selling at Visa
In other news, CFO Vasant M. Prabhu sold 40,000 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $231.36, for a total transaction of $9,254,400.00. Following the sale, the chief financial officer now owns 73,638 shares in the company, valued at $17,036,887.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Vasant M. Prabhu sold 13,343 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $234.26, for a total value of $3,125,731.18. Following the completion of the transaction, the chief financial officer now owns 73,638 shares in the company, valued at approximately $17,250,437.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vasant M. Prabhu sold 40,000 shares of Visa stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $231.36, for a total value of $9,254,400.00. Following the sale, the chief financial officer now directly owns 73,638 shares of the company’s stock, valued at approximately $17,036,887.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,277 shares of company stock worth $27,018,374. 0.22% of the stock is owned by insiders.
Analysts Set New Price Targets
Visa Trading Up 1.3 %
V opened at $237.48 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.56. The firm has a market cap of $444.88 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.79 and a beta of 0.97. Visa Inc. has a 12 month low of $174.60 and a 12 month high of $238.28. The stock has a fifty day moving average price of $228.31 and a 200-day moving average price of $223.87.
Visa (NYSE:V – Free Report) last announced its earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. Visa had a net margin of 50.95% and a return on equity of 50.21%. The business had revenue of $7.99 billion during the quarter, compared to the consensus estimate of $7.79 billion. During the same period in the previous year, the company posted $1.79 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts anticipate that Visa Inc. will post 8.58 earnings per share for the current fiscal year.
Visa Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 11th. Visa’s dividend payout ratio is currently 24.06%.
Visa 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.
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