Merit Financial Group LLC boosted its position in shares of Visa Inc. (NYSE:V – Free Report) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,068 shares of the credit-card processor’s stock after acquiring an additional 1,220 shares during the period. Merit Financial Group LLC’s holdings in Visa were worth $6,103,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of V. Global Wealth Strategies & Associates purchased a new position in shares of Visa in the fourth quarter worth $26,000. JDM Financial Group LLC purchased a new position in shares of Visa in the fourth quarter worth $29,000. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Visa in the fourth quarter worth $31,000. Financial Freedom LLC purchased a new position in shares of Visa in the fourth quarter worth $32,000. Finally, St. James Investment Advisors LLC increased its stake in shares of Visa by 58.7% in the fourth quarter. St. James Investment Advisors LLC now owns 219 shares of the credit-card processor’s stock worth $45,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 84.92% of the company’s stock.
Insiders Place Their Bets
In other Visa news, CFO Vasant M. Prabhu sold 40,000 shares of Visa stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $231.36, for a total transaction of $9,254,400.00. Following the transaction, the chief financial officer now directly owns 73,638 shares of the company’s stock, valued at $17,036,887.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, CFO Vasant M. Prabhu sold 40,000 shares of Visa stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $231.36, for a total transaction of $9,254,400.00. Following the completion of the sale, the chief financial officer now directly owns 73,638 shares in the company, valued at $17,036,887.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rajat Taneja sold 2,300 shares of Visa stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total transaction of $552,000.00. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $55,706,880. The disclosure for this sale can be found here. Insiders have sold 142,602 shares of company stock valued at $33,336,374 over the last ninety days. Company insiders own 0.22% of the company’s stock.
Wall Street Analyst Weigh In
Visa Stock Performance
NYSE:V opened at $236.45 on Friday. The company’s 50-day moving average price is $229.08 and its 200-day moving average price is $224.94. 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 company has a market cap of $442.95 billion, a P/E ratio of 31.61, a P/E/G ratio of 1.81 and a beta of 0.97. Visa Inc. has a twelve month low of $174.60 and a twelve month high of $240.00.
Visa (NYSE:V – Free Report) last posted its quarterly earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.12. The firm had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $7.79 billion. Visa had a net margin of 50.95% and a return on equity of 50.21%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.79 earnings per share. On average, sell-side analysts forecast that Visa Inc. will post 8.59 earnings per share for the current fiscal year.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 11th. Visa’s dividend payout ratio (DPR) is presently 24.06%.
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.
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