Visa Inc. (NYSE:V) Stake Raised by Echo45 Advisors LLC

Echo45 Advisors LLC boosted its holdings in Visa Inc. (NYSE:V) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,519 shares of the credit-card processor’s stock after acquiring an additional 45 shares during the quarter. Echo45 Advisors LLC’s holdings in Visa were worth $532,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC purchased a new position in Visa in the 4th quarter worth about $27,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% in the 4th 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 in the last quarter. Compass Planning Associates Inc purchased a new position in Visa in the 4th quarter worth about $32,000. FPC Investment Advisory Inc. grew its stake in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 83 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new position in Visa during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related 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 completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were 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 $194,807.49. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,162 shares of company stock worth $58,645,479. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the topic of several research analyst reports. UBS Group lifted their target price on Visa from $395.00 to $405.00 and gave the company a “buy” rating in a research note on Wednesday, May 28th. The Goldman Sachs Group initiated coverage on Visa in a research note on Monday, June 2nd. They set a “neutral” rating on the stock. Truist Financial initiated 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. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research note on Friday, March 21st. Finally, Mizuho raised Visa from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $372.80.

Visa Stock Up 0.7%

Shares of V stock opened at $373.19 on Thursday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The firm has a market cap of $688.59 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The stock has a 50 day moving average of $347.68 and a 200-day moving average of $336.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

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

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.63%. Visa’s dividend payout ratio (DPR) is presently 23.72%.

Visa Company 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.