Charles Lim Capital Ltd Acquires Shares of 25,000 Visa Inc. $V

Charles Lim Capital Ltd bought a new position in shares of Visa Inc. (NYSE:V) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the credit-card processor’s stock, valued at approximately $8,577,000. Visa makes up about 2.7% of Charles Lim Capital Ltd’s holdings, making the stock its 5th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. G&S Capital LLC increased its position in shares of Visa by 4.0% during the second quarter. G&S Capital LLC now owns 761 shares of the credit-card processor’s stock valued at $261,000 after acquiring an additional 29 shares during the last quarter. Keating Financial Advisory Services Inc. boosted its position in Visa by 0.9% in the second quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor’s stock worth $1,094,000 after purchasing an additional 29 shares during the last quarter. NerdWallet Wealth Partners LLC grew its stake in Visa by 4.5% in the 2nd quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor’s stock valued at $239,000 after purchasing an additional 30 shares during the period. Frederick Financial Consultants LLC increased its position in shares of Visa by 2.0% during the 4th quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor’s stock valued at $560,000 after purchasing an additional 31 shares during the last quarter. Finally, Kuhn & Co Investment Counsel increased its position in shares of Visa by 0.5% during the 4th quarter. Kuhn & Co Investment Counsel now owns 6,096 shares of the credit-card processor’s stock valued at $2,138,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 57,272 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the transaction, the insider directly owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. This trade represents a 53.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,490 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $343.99, for a total transaction of $3,608,455.10. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,219,704.26. This trade represents a 40.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 90,759 shares of company stock valued at $32,375,779 over the last quarter. Company insiders own 0.12% of the company’s stock.

Visa Stock Up 0.0%

V stock opened at $371.09 on Monday. The stock has a fifty day moving average of $353.73 and a 200-day moving average of $329.61. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $373.97. The company has a market capitalization of $662.18 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 1.99 and a beta of 0.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.98 EPS. As a group, equities research analysts predict that Visa Inc. will post 13.16 earnings per share for the current year.

Visa declared that its board has approved a share buyback program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is presently 22.79%.

Analyst Ratings Changes

A number of brokerages recently weighed in on V. Oppenheimer reissued an “outperform” rating and issued a $403.00 price target (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $406.00 price objective on shares of Visa in a research report on Wednesday, July 29th. UBS Group reiterated a “buy” rating and issued a $420.00 target price (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Truist Financial set a $406.00 target price on shares of Visa and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley restated an “overweight” rating and set a $416.00 price target on shares of Visa in a research note on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $413.58.

Visa 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.