GM Advisory Group LLC Has $4.48 Million Stock Position in Visa Inc. $V

GM Advisory Group LLC lowered its stake in Visa Inc. (NYSE:V) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,792 shares of the credit-card processor’s stock after selling 38 shares during the period. GM Advisory Group LLC’s holdings in Visa were worth $4,483,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in V. Keystone Global Partners LLC acquired a new stake in Visa in the first quarter valued at approximately $26,000. von Borstel & Associates Inc. acquired a new stake in Visa in the first quarter valued at approximately $27,000. Measured Risk Portfolios Inc. acquired a new stake in Visa in the fourth quarter valued at approximately $47,000. Navigoe LLC acquired a new stake in Visa in the fourth quarter valued at approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa during the first quarter worth $54,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Citigroup initiated coverage on Visa in a report on Monday, June 2nd. They issued a “buy” rating for the company. Jefferies Financial Group increased their price objective on Visa from $400.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Piper Sandler increased their price objective on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Finally, UBS Group restated a “buy” rating and issued a $415.00 price objective (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $380.84.

Visa Stock Down 0.1%

V opened at $342.51 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market cap of $627.75 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.28 and a beta of 0.94. Visa Inc. has a twelve month low of $265.31 and a twelve month high of $375.51. The company’s 50-day moving average price is $349.13 and its two-hundred day moving average price is $347.41.

Visa (NYSE:V) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.42 earnings per share. As a group, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa’s payout ratio is presently 23.05%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,127 shares of company stock worth $28,340,553 over the last three months. 0.13% of the stock is currently owned by insiders.

About Visa

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.