M Holdings Securities Inc. Purchases Shares of 18,533 Visa Inc. $V

M Holdings Securities Inc. purchased a new stake in shares of Visa Inc. (NYSE:VFree Report) in the 4th quarter, HoldingsChannel reports. The firm purchased 18,533 shares of the credit-card processor’s stock, valued at approximately $6,500,000.

Several other institutional investors have also added to or reduced their stakes in the business. Signet Private Wealth LLC purchased a new stake in Visa during the fourth quarter valued at about $632,000. Nicollet Investment Management Inc. boosted its position in Visa by 0.8% during the fourth quarter. Nicollet Investment Management Inc. now owns 35,333 shares of the credit-card processor’s stock valued at $12,392,000 after buying an additional 289 shares during the period. Wellspring Financial Advisors LLC boosted its position in Visa by 309.7% during the fourth quarter. Wellspring Financial Advisors LLC now owns 11,754 shares of the credit-card processor’s stock valued at $4,128,000 after buying an additional 8,885 shares during the period. Illinois Municipal Retirement Fund boosted its position in Visa by 10.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 149,399 shares of the credit-card processor’s stock valued at $52,396,000 after buying an additional 14,707 shares during the period. Finally, RM Financial Services LLC purchased a new stake in Visa during the fourth quarter valued at about $1,976,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Visa

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Insider Transactions at Visa

In other Visa news, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the sale, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,161,284.36. This trade represents a 67.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is currently owned by corporate insiders.

Visa Price Performance

Shares of V opened at $323.31 on Thursday. The stock has a market cap of $579.93 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51. The firm’s 50-day simple moving average is $317.88 and its two-hundred day simple moving average is $324.48.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.76 earnings per share. Analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa announced that its board has approved a share buyback plan on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio is 23.34%.

Analyst Upgrades and Downgrades

V has been the subject of several recent analyst reports. Truist Financial set a $371.00 price objective on shares of Visa and gave the company a “buy” rating in a research note on Tuesday, May 12th. Evercore set a $350.00 price objective on shares of Visa in a research note on Wednesday, April 29th. Bank of America initiated coverage on shares of Visa in a research note on Thursday, March 5th. They set a “buy” rating and a $410.00 price objective for the company. Raymond James Financial reaffirmed an “outperform” rating and set a $389.00 price objective on shares of Visa in a research note on Wednesday, April 29th. Finally, UBS Group upped their price objective on shares of Visa from $390.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Buy” and an average target price of $387.78.

View Our Latest Research Report on Visa

Visa Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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