Visa Inc. $V Shares Bought by Beirne Wealth Consulting Services LLC

Beirne Wealth Consulting Services LLC increased its stake in Visa Inc. (NYSE:V) by 152.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,877 shares of the credit-card processor’s stock after buying an additional 2,342 shares during the quarter. Beirne Wealth Consulting Services LLC’s holdings in Visa were worth $1,325,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of V. Harbor Asset Planning Inc. purchased a new stake in shares of Visa during the second quarter valued at approximately $29,000. Sagard Holdings Management Inc. acquired a new stake in Visa during the 2nd quarter valued at $31,000. Bare Financial Services Inc increased its stake in Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after buying an additional 66 shares during the period. Hoese & Co LLP acquired a new position in Visa in the 2nd quarter worth $36,000. Finally, Quaker Wealth Management LLC lifted its holdings in Visa by 202.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock worth $40,000 after buying an additional 225 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of V opened at $314.13 on Tuesday. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The firm has a market cap of $570.19 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 1.80 and a beta of 0.79. The stock has a 50 day moving average of $337.74 and a 200-day moving average of $339.51.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.03. The firm had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the business posted $2.75 earnings per share. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Visa’s payout ratio is 25.14%.

Analysts Set New Price Targets

V has been the subject of several recent analyst reports. Evercore set a $380.00 target price on Visa in a research note on Friday, December 12th. Piper Sandler set a $160.00 price objective on Visa in a research note on Wednesday, January 28th. KeyCorp reaffirmed an “overweight” rating and issued a $405.00 target price on shares of Visa in a research report on Wednesday, October 22nd. Citigroup upgraded Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Raymond James Financial restated an “outperform” rating and issued a $408.00 price target (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Visa currently has an average rating of “Buy” and a consensus price target of $392.21.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the sale, the chief executive officer directly owned 9,401 shares in the company, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the transaction, the insider owned 26,413 shares of the company’s stock, valued at $8,608,789.09. This represents a 7.60% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by corporate insiders.

Visa Company 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.