James J. Burns & Company LLC bought a new stake in shares of Visa Inc. (NYSE:V – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 955 shares of the credit-card processor’s stock, valued at approximately $216,000.
Other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its position in shares of Visa by 116,608.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after buying an additional 24,483,134 shares during the last quarter. Norges Bank purchased a new position in shares of Visa in the 4th quarter worth approximately $3,067,232,000. Morgan Stanley grew its position in shares of Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after buying an additional 5,864,340 shares during the last quarter. Cottage Street Advisors LLC grew its position in shares of Visa by 15,603.1% in the 4th quarter. Cottage Street Advisors LLC now owns 3,156,323 shares of the credit-card processor’s stock worth $998,000 after buying an additional 3,136,223 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Visa by 4.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,100,136 shares of the credit-card processor’s stock worth $10,616,564,000 after buying an additional 2,216,275 shares during the last quarter. Hedge funds and other institutional investors own 84.92% of the company’s stock.
Insider Activity at Visa
In related news, insider Rajat Taneja sold 2,300 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total value of $552,000.00. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $55,706,880. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Alfred F. Kelly, Jr. sold 7,500 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $232.87, for a total value of $1,746,525.00. Following the completion of the sale, the chairman now owns 154,854 shares of the company’s stock, valued at approximately $36,060,850.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Rajat Taneja sold 2,300 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total transaction of $552,000.00. Following the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $55,706,880. The disclosure for this sale can be found here. Insiders sold a total of 142,602 shares of company stock worth $33,336,374 in the last three months. Company insiders own 0.22% of the company’s stock.
Analyst Upgrades and Downgrades
Visa Stock Performance
Shares of NYSE V opened at $236.45 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. Visa Inc. has a 12 month low of $174.60 and a 12 month high of $240.00. The company has a 50 day simple moving average of $229.08 and a two-hundred day simple moving average of $224.94. The stock has a market cap of $442.95 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 1.81 and a beta of 0.97.
Visa (NYSE:V – Free Report) last posted its earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.12. Visa had a net margin of 50.95% and a return on equity of 50.21%. The firm had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $7.79 billion. During the same period in the previous year, the business posted $1.79 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 8.59 earnings per share for the current year.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.76%. The ex-dividend date 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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