Visa Inc. (NYSE:V) Shares Bought by CVA Family Office LLC

CVA Family Office LLC increased its stake in Visa Inc. (NYSE:V) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,109 shares of the credit-card processor’s stock after purchasing an additional 123 shares during the period. CVA Family Office LLC’s holdings in Visa were worth $2,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa during the 4th quarter valued at approximately $27,000. Compass Planning Associates Inc purchased a new position in shares of Visa during the 4th quarter valued at approximately $32,000. NewSquare Capital LLC purchased a new position in shares of Visa during the 4th quarter valued at approximately $35,000. FPC Investment Advisory Inc. increased its holdings in shares of Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after purchasing an additional 83 shares in the last quarter. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Visa during the 4th quarter valued at approximately $41,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Visa stock opened at $352.75 on Friday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The firm has a market capitalization of $650.87 billion, a price-to-earnings ratio of 35.56, a PEG ratio of 2.33 and a beta of 0.94. The company has a fifty day simple moving average of $349.76 and a 200-day simple moving average of $337.45. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the firm earned $2.51 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s payout ratio is 23.72%.

Analyst Ratings Changes

Several research firms have recently weighed in on V. Mizuho raised shares of Visa from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. UBS Group lifted their target price on shares of Visa from $395.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Evercore ISI initiated coverage on shares of Visa in a report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Visa in a report on Monday, June 2nd. They issued a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $372.80.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the transaction, the insider now owns 26,413 shares of the company’s stock, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,448 shares of company stock valued at $50,133,659 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

About Visa

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.