Integrity Alliance LLC. Sells 20,691 Shares of Visa Inc. $V

Integrity Alliance LLC. decreased its holdings in shares of Visa Inc. (NYSE:V) by 48.0% during the 2nd quarter, Holdings Channel reports. The firm owned 22,453 shares of the credit-card processor’s stock after selling 20,691 shares during the quarter. Integrity Alliance LLC.’s holdings in Visa were worth $7,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after buying an additional 6,883 shares during the period. Revolve Wealth Partners LLC raised its stake in Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after buying an additional 4,817 shares during the period. Kingsman Wealth Management Inc. acquired a new position in Visa during the 1st quarter worth approximately $1,935,000. Arlington Trust Co LLC raised its stake in Visa by 6.4% during the 1st quarter. Arlington Trust Co LLC now owns 11,056 shares of the credit-card processor’s stock worth $3,875,000 after buying an additional 662 shares during the period. Finally, O Brien Wealth Partners LLC acquired a new position in Visa during the 1st quarter worth approximately $54,000. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,815.10. This represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on V. Truist Financial dropped their price target on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Macquarie lowered their price objective on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Barclays reissued an “overweight” rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Finally, UBS Group set a $425.00 price objective on Visa and gave the stock a “buy” rating in a research note on Wednesday. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Visa Stock Performance

V stock opened at $341.07 on Friday. The firm has a market cap of $625.11 billion, a PE ratio of 33.41, a P/E/G ratio of 2.03 and a beta of 0.90. The company has a quick ratio of 1.12, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $344.78 and a 200-day moving average of $348.40. Visa Inc. has a 12-month low of $287.19 and a 12-month high of $375.51.

Visa (NYSE:V) last released its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion during the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.Visa’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.71 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a $0.67 dividend. This is a boost from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. Visa’s dividend payout ratio is currently 23.11%.

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.