Bryn Mawr Trust Advisors LLC Raises Stock Holdings in Visa Inc. $V

Bryn Mawr Trust Advisors LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 20.8% during the first quarter, HoldingsChannel.com reports. The fund owned 27,324 shares of the credit-card processor’s stock after buying an additional 4,704 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in Visa were worth $8,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Archer Investment Corp grew its stake in Visa by 56.1% in the 1st quarter. Archer Investment Corp now owns 6,610 shares of the credit-card processor’s stock valued at $1,998,000 after purchasing an additional 2,376 shares during the period. V2 Financial group LLC increased its position in shares of Visa by 11.0% during the 1st quarter. V2 Financial group LLC now owns 960 shares of the credit-card processor’s stock valued at $290,000 after purchasing an additional 95 shares during the last quarter. Center for Financial Planning Inc. increased its position in shares of Visa by 9.3% during the 1st quarter. Center for Financial Planning Inc. now owns 2,005 shares of the credit-card processor’s stock valued at $606,000 after purchasing an additional 170 shares during the last quarter. NWF Advisory Services Inc. raised its stake in shares of Visa by 2.8% during the 1st quarter. NWF Advisory Services Inc. now owns 37,635 shares of the credit-card processor’s stock worth $11,375,000 after purchasing an additional 1,010 shares during the period. Finally, TFR Capital LLC. raised its stake in shares of Visa by 1.8% during the 1st quarter. TFR Capital LLC. now owns 6,969 shares of the credit-card processor’s stock worth $2,106,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 2.3%

Shares of NYSE V opened at $357.02 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $640.41 billion, a PE ratio of 31.10, a P/E/G ratio of 1.86 and a beta of 0.75. Visa Inc. has a one year low of $293.89 and a one year high of $365.02. The business’s fifty day moving average price is $331.34 and its 200-day moving average price is $324.88.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same quarter last year, the firm posted $2.76 EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, equities research analysts anticipate that Visa Inc. will post 13.1 EPS for the current year.

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

Visa Dividend Announcement

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

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at approximately $6,625,440. The trade was a 9.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the stock in a transaction on Tuesday, May 12th. The stock was 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 75,581 shares of company stock worth $25,627,975 over the last quarter. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on V shares. Evercore set a $350.00 price target on shares of Visa in a research report on Wednesday, April 29th. Loop Capital initiated coverage on shares of Visa in a report on Tuesday, March 31st. They set a “buy” rating and a $387.00 price objective for the company. Piper Sandler began coverage on shares of Visa in a research report on Monday, June 29th. They issued an “overweight” rating and a $394.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of Visa in a research note on Wednesday, April 29th. Finally, Morgan Stanley reissued an “overweight” rating and set a $415.00 target price on shares of Visa in a research report on Wednesday, April 29th. Seven research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $397.91.

Visa Company Profile

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.