Index Fund Advisors Inc. Has $997,000 Stock Holdings in Visa Inc. (NYSE:V)

Index Fund Advisors Inc. lowered its holdings in shares of Visa Inc. (NYSE:VGet Rating) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,494 shares of the credit-card processor’s stock after selling 170 shares during the period. Index Fund Advisors Inc.’s holdings in Visa were worth $997,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Curi Wealth Management LLC grew its stake in Visa by 0.4% during the first quarter. Curi Wealth Management LLC now owns 61,919 shares of the credit-card processor’s stock worth $13,731,000 after purchasing an additional 246 shares during the period. Jacobi Capital Management LLC grew its stake in Visa by 1.2% in the first quarter. Jacobi Capital Management LLC now owns 35,009 shares of the credit-card processor’s stock valued at $7,764,000 after acquiring an additional 407 shares during the period. Stiles Financial Services Inc grew its stake in Visa by 3.2% in the first quarter. Stiles Financial Services Inc now owns 13,831 shares of the credit-card processor’s stock valued at $3,071,000 after acquiring an additional 425 shares during the period. FRG Family Wealth Advisors LLC grew its stake in Visa by 0.8% in the first quarter. FRG Family Wealth Advisors LLC now owns 29,069 shares of the credit-card processor’s stock valued at $6,447,000 after acquiring an additional 240 shares during the period. Finally, Tortoise Investment Management LLC grew its stake in Visa by 72.3% in the first quarter. Tortoise Investment Management LLC now owns 715 shares of the credit-card processor’s stock valued at $159,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $212.11, for a total transaction of $1,908,990.00. Following the completion of the transaction, the chief executive officer now directly owns 156,887 shares in the company, valued at $33,277,301.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 27,000 shares of company stock worth $5,560,740 over the last ninety days. 0.21% of the stock is owned by corporate insiders.

Visa Price Performance

Shares of NYSE V opened at $215.87 on Friday. The stock has a market cap of $410.43 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89. Visa Inc. has a fifty-two week low of $185.91 and a fifty-two week high of $242.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a fifty day moving average of $205.31 and a 200-day moving average of $210.48.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, August 11th. Visa’s payout ratio is 22.12%.

Analyst Ratings Changes

A number of equities research analysts have commented on V shares. Wells Fargo & Company reduced their price objective on Visa from $280.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, July 13th. Cowen dropped their target price on Visa from $276.00 to $254.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Truist Financial dropped their target price on Visa from $275.00 to $250.00 in a report on Thursday, June 30th. Macquarie dropped their target price on Visa from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Finally, Credit Suisse Group raised their target price on Visa from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, April 27th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.64.

Visa Profile

(Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Further Reading

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.