Visa Inc. (NYSE:V) Shares Bought by CENTRAL TRUST Co

CENTRAL TRUST Co lifted its stake in shares of Visa Inc. (NYSE:VFree Report) by 0.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,405 shares of the credit-card processor’s stock after purchasing an additional 308 shares during the quarter. CENTRAL TRUST Co’s holdings in Visa were worth $21,881,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC raised its holdings in Visa by 20.4% during the first quarter. V Square Quantitative Management LLC now owns 26,947 shares of the credit-card processor’s stock worth $7,520,000 after purchasing an additional 4,564 shares during the last quarter. Oxler Private Wealth LLC increased its position in shares of Visa by 61.1% in the first quarter. Oxler Private Wealth LLC now owns 15,497 shares of the credit-card processor’s stock valued at $4,325,000 after buying an additional 5,879 shares in the last quarter. Pinnacle Wealth Management Group Inc. raised its stake in shares of Visa by 1.7% during the 1st quarter. Pinnacle Wealth Management Group Inc. now owns 4,282 shares of the credit-card processor’s stock worth $1,195,000 after buying an additional 72 shares during the last quarter. Marino Stram & Associates LLC boosted its position in shares of Visa by 1.8% in the 1st quarter. Marino Stram & Associates LLC now owns 3,384 shares of the credit-card processor’s stock worth $944,000 after buying an additional 59 shares in the last quarter. Finally, Dakota Wealth Management grew its stake in Visa by 13.7% in the 1st quarter. Dakota Wealth Management now owns 143,922 shares of the credit-card processor’s stock valued at $40,166,000 after acquiring an additional 17,301 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Insiders have sold a total of 34,402 shares of company stock worth $9,559,382 over the last quarter. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on V. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Susquehanna upped their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. TD Cowen began coverage on Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective for the company. Finally, Piper Sandler initiated coverage on shares of Visa in a report on Monday, May 13th. They issued an “overweight” rating and a $322.00 target price on the stock. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $303.76.

Read Our Latest Stock Report on V

Visa Trading Down 0.9 %

Shares of NYSE:V traded down $2.52 during trading on Tuesday, reaching $276.02. 6,577,868 shares of the stock were exchanged, compared to its average volume of 6,366,592. The firm’s 50-day moving average price is $277.31 and its 200 day moving average price is $269.42. The firm has a market cap of $504.82 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 1.92 and a beta of 0.95. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the firm earned $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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