Visa Inc. (NYSE:V) Shares Sold by Collective Family Office LLC

Collective Family Office LLC lessened its holdings in Visa Inc. (NYSE:V) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,918 shares of the credit-card processor’s stock after selling 101 shares during the quarter. Collective Family Office LLC’s holdings in Visa were worth $672,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in V. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Compass Planning Associates Inc acquired a new stake in shares of Visa during the fourth quarter worth about $32,000. NewSquare Capital LLC acquired a new stake in shares of Visa during the fourth quarter worth about $35,000. Finally, FPC Investment Advisory Inc. lifted its holdings in shares of Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This represents a 59.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were 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 approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,948 shares of company stock valued at $41,548,282. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE V opened at $359.93 on Thursday. The stock’s fifty day moving average is $342.62 and its two-hundred day moving average is $332.80. The firm has a market capitalization of $664.13 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $369.15.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is currently 23.72%.

Analyst Upgrades and Downgrades

V has been the subject of a number of research reports. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a report on Thursday, February 13th. BMO Capital Markets lifted their price target on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Citigroup reiterated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Piper Sandler lifted their price target on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $366.13.

Visa 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.