AMS Capital Ltda Purchases 10,520 Shares of Visa Inc. (NYSE:V)

AMS Capital Ltda grew its position in Visa Inc. (NYSE:V) by 36.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,696 shares of the credit-card processor’s stock after buying an additional 10,520 shares during the quarter. Visa accounts for approximately 5.7% of AMS Capital Ltda’s holdings, making the stock its 6th biggest holding. AMS Capital Ltda’s holdings in Visa were worth $13,912,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Riverstone Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at $217,000. Blue Rock Wealth Management LLC purchased a new stake in Visa during the 4th quarter worth about $306,000. Aptus Capital Advisors LLC raised its stake in Visa by 19.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor’s stock valued at $57,727,000 after purchasing an additional 30,185 shares during the last quarter. Journey Strategic Wealth LLC lifted its holdings in Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after purchasing an additional 1,361 shares in the last quarter. Finally, King Wealth Management Group lifted its holdings in Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock valued at $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $188,186.28. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,948 shares of company stock valued at $41,546,299. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent research reports. Piper Sandler lifted their price target on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Citigroup started coverage on Visa in a report on Monday. They issued a “buy” rating for the company. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. The Goldman Sachs Group initiated coverage on Visa in a research note on Monday. They set a “neutral” rating for the company. Finally, Evercore ISI began coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $367.48.

Visa Stock Performance

Visa stock opened at $368.04 on Thursday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $371.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $679.09 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The stock has a 50 day moving average of $344.66 and a 200-day moving average of $334.72.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the firm posted $2.51 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio is currently 23.72%.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. 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, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; 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.