Sanders Morris Harris LLC boosted its holdings in Visa Inc. (NYSE:V – Get Rating) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,040 shares of the credit-card processor’s stock after buying an additional 125 shares during the period. Sanders Morris Harris LLC’s holdings in Visa were worth $2,005,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Outfitter Financial LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $27,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $32,000. Rise Advisors LLC acquired a new stake in Visa in the 4th quarter valued at $35,000. Disciplined Investments LLC boosted its stake in Visa by 500.0% in the 4th quarter. Disciplined Investments LLC now owns 168 shares of the credit-card processor’s stock valued at $36,000 after buying an additional 140 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Visa by 50.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 168 shares of the credit-card processor’s stock valued at $36,000 after buying an additional 56 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors.
In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $210.38, for a total transaction of $1,893,420.00. Following the transaction, the chief executive officer now owns 162,887 shares in the company, valued at $34,268,167.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Ryan Mcinerney sold 6,466 shares of the stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $220.00, for a total value of $1,422,520.00. The disclosure for this sale can be found here. Insiders have sold 39,933 shares of company stock valued at $8,745,055 over the last three months. Insiders own 0.21% of the company’s stock.
Visa (NYSE:V – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. Equities analysts expect that Visa Inc. will post 7.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Friday, May 13th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, May 12th. This represents a $1.50 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is presently 23.58%.
Several analysts recently commented on V shares. Morgan Stanley boosted their price target on Visa from $279.00 to $284.00 in a research note on Wednesday, April 27th. Evercore ISI boosted their price objective on Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 27th. Piper Sandler lowered Visa from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $283.00 to $239.00 in a research note on Friday, April 29th. Cowen reduced their price objective on Visa from $276.00 to $254.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Finally, Citigroup dropped their target price on Visa from $285.00 to $265.00 in a research report on Monday, April 25th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.44.
About Visa (Get Rating)
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
- Get a free copy of the StockNews.com research report on Visa (V)
- Downturn Gives These 3 Buys Juicy Dividend Yields
- Victoria’s Secret Stock is Out of the Box
- Time For a Ride in Six Flags Stock
- Why Dollar General (NYSE: DG) Should Be In Your Portfolio
- Korn Ferry Is A Good Buy For The Recession And Beyond
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.