Revolve Wealth Partners LLC Has $4.27 Million Holdings in Visa Inc. (NYSE:V)

Revolve Wealth Partners LLC increased its position in shares of Visa Inc. (NYSE:V) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,172 shares of the credit-card processor’s stock after acquiring an additional 361 shares during the period. Revolve Wealth Partners LLC’s holdings in Visa were worth $4,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Blue Rock Wealth Management LLC bought a new stake in Visa in the fourth quarter valued at approximately $306,000. Aptus Capital Advisors LLC raised its holdings in shares of Visa by 19.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor’s stock worth $57,727,000 after acquiring an additional 30,185 shares during the last quarter. King Wealth Management Group lifted its stake in Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock valued at $23,663,000 after acquiring an additional 6,172 shares in the last quarter. Eagle Strategies LLC boosted its holdings in Visa by 2.5% during the 4th quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor’s stock worth $811,000 after acquiring an additional 63 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in Visa during the 4th quarter worth $10,163,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total value of $3,127,077.40. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,807.49. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 168,162 shares of company stock worth $58,645,479 in the last three months. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Visa stock opened at $370.44 on Friday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $371.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50 day simple moving average of $345.45 and a 200-day simple moving average of $335.70. The stock has a market capitalization of $683.52 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.51 earnings per share. Equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa’s payout ratio is 23.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on V shares. Truist Financial started coverage on Visa in a research note on Monday, June 2nd. They set a “buy” rating and a $400.00 target price on the stock. Wall Street Zen raised Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. BMO Capital Markets boosted their price objective on Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Macquarie cut their target price on Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $372.80.

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.