Alliance Wealth Advisors LLC UT Sells 2,846 Shares of Visa Inc. $V

Alliance Wealth Advisors LLC UT lowered its stake in Visa Inc. (NYSE:V) by 13.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,965 shares of the credit-card processor’s stock after selling 2,846 shares during the period. Visa accounts for 1.4% of Alliance Wealth Advisors LLC UT’s holdings, making the stock its 7th largest holding. Alliance Wealth Advisors LLC UT’s holdings in Visa were worth $6,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of V. Inspire Trust Co. N.A. grew its position in Visa by 8.3% during the 3rd quarter. Inspire Trust Co. N.A. now owns 13,000 shares of the credit-card processor’s stock worth $4,438,000 after acquiring an additional 1,000 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Visa by 1.7% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 707,175 shares of the credit-card processor’s stock valued at $241,415,000 after purchasing an additional 12,002 shares in the last quarter. Advyzon Investment Management LLC grew its holdings in shares of Visa by 13.4% during the third quarter. Advyzon Investment Management LLC now owns 5,847 shares of the credit-card processor’s stock worth $1,996,000 after purchasing an additional 690 shares during the last quarter. Rossby Financial LCC grew its holdings in shares of Visa by 7.2% during the third quarter. Rossby Financial LCC now owns 3,883 shares of the credit-card processor’s stock worth $1,351,000 after purchasing an additional 260 shares during the last quarter. Finally, Barings LLC increased its stake in shares of Visa by 45.5% in the third quarter. Barings LLC now owns 7,552 shares of the credit-card processor’s stock valued at $2,578,000 after buying an additional 2,361 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $320.90 on Friday. The business has a 50-day moving average price of $336.40 and a two-hundred day moving average price of $338.96. Visa Inc. has a 1-year low of $299.00 and a 1-year 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 company has a market cap of $582.49 billion, a P/E ratio of 30.10, a PEG ratio of 1.84 and a beta of 0.79.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.75 EPS. As a group, analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 10th. Visa’s payout ratio is 25.14%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at $3,282,641.18. This represents a 52.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on V shares. Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, January 27th. TD Cowen reissued a “buy” rating on shares of Visa in a research note on Friday, January 30th. Daiwa Securities Group raised Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price for the company in a research report on Monday, February 2nd. HSBC raised Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Finally, Truist Financial set a $372.00 price target on Visa in a research note on Tuesday, February 10th. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $391.43.

About Visa

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.