Visa Inc. $V Shares Sold by Faithward Advisors LLC

Faithward Advisors LLC decreased its stake in shares of Visa Inc. (NYSE:V) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,723 shares of the credit-card processor’s stock after selling 255 shares during the period. Faithward Advisors LLC’s holdings in Visa were worth $1,305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Keystone Global Partners LLC purchased a new stake in Visa during the first quarter worth approximately $26,000. von Borstel & Associates Inc. purchased a new stake in Visa during the first quarter worth approximately $27,000. 1 North Wealth Services LLC purchased a new stake in Visa during the first quarter worth approximately $38,000. Measured Risk Portfolios Inc. purchased a new stake in Visa during the fourth quarter worth approximately $47,000. Finally, O Brien Wealth Partners LLC purchased a new stake in Visa during the first quarter worth approximately $54,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Down 0.2%

V opened at $342.45 on Tuesday. The stock has a market capitalization of $627.64 billion, a PE ratio of 33.44, a P/E/G ratio of 2.28 and a beta of 0.92. The firm’s fifty day moving average price is $348.26 and its 200 day moving average price is $347.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 12-month low of $268.23 and a 12-month high of $375.51.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.42 earnings per share. As a group, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio is currently 23.05%.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,293 shares of company stock valued at $8,114,295. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on V. UBS Group reiterated a “buy” rating and set a $415.00 price objective (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Truist Financial decreased their price objective on shares of Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Macquarie boosted their price objective on shares of Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Visa from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a research note on Thursday, July 17th. They issued a “buy” rating and a $410.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $385.96.

Visa 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.