Alliance Wealth Management Group Purchases New Stake in Visa Inc. (NYSE:V)

Alliance Wealth Management Group acquired a new position in shares of Visa Inc. (NYSE:VFree Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 735 shares of the credit-card processor’s stock, valued at approximately $205,000.

Several other hedge funds have also recently bought and sold shares of V. Westend Capital Management LLC bought a new stake in shares of Visa in the first quarter worth $25,000. Livelsberger Financial Advisory acquired a new stake in shares of Visa in the fourth quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the fourth quarter worth about $32,000. Frank Rimerman Advisors LLC bought a new stake in Visa in the fourth quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Visa during the 4th quarter valued at approximately $37,000. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Shares of V stock opened at $266.21 on Tuesday. 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 Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96. The firm has a market cap of $486.88 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.85 and a beta of 0.95. The business’s 50 day moving average price is $273.13 and its 200-day moving average price is $273.96.

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

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.78%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Mizuho increased their price objective on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Royal Bank of Canada lifted their price objective on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Redburn Atlantic restated a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Macquarie lifted their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, UBS Group increased their price target on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.56.

View Our Latest Analysis on V

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Paul D. Fabara sold 25,293 shares of the 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 completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

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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