Visa Inc. (NYSE:V) Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. trimmed its holdings in Visa Inc. (NYSE:V) by 0.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 256,127 shares of the credit-card processor’s stock after selling 1,060 shares during the period. Visa comprises 5.3% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 4th biggest position. Quintet Private Bank Europe S.A.’s holdings in Visa were worth $89,762,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in V. Blue Rock Wealth Management LLC bought a new position in shares of Visa during the fourth quarter worth approximately $306,000. Aptus Capital Advisors LLC increased its stake in shares of Visa by 19.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor’s stock worth $57,727,000 after purchasing an additional 30,185 shares during the period. King Wealth Management Group increased its stake in shares of Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after purchasing an additional 6,172 shares during the period. Eagle Strategies LLC increased its stake in shares of Visa by 2.5% during the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor’s stock worth $811,000 after purchasing an additional 63 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Visa during the fourth quarter worth approximately $10,163,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Price Performance

NYSE:V opened at $371.11 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business’s 50-day simple moving average is $348.87 and its two-hundred day simple moving average is $337.17. The stock has a market cap of $684.76 billion, a PE ratio of 37.41, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings data 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 firm had revenue of $9.59 billion during 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 business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 earnings per share. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Insider Activity

In related news, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at approximately $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $188,186.28. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,448 shares of company stock worth $50,133,659 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on V shares. Oppenheimer restated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Macquarie lowered their price objective on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Piper Sandler raised their price objective on Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Finally, Susquehanna restated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $372.80.

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.