International Assets Investment Management LLC Has $6.37 Million Stake in Visa Inc. (NYSE:V)

International Assets Investment Management LLC lifted its stake in Visa Inc. (NYSE:V) by 25.8% in the first quarter, HoldingsChannel.com reports. The firm owned 22,883 shares of the credit-card processor’s stock after purchasing an additional 4,687 shares during the quarter. International Assets Investment Management LLC’s holdings in Visa were worth $6,368,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. &PARTNERS grew its position in shares of Visa by 42.8% during the 1st quarter. &PARTNERS now owns 15,420 shares of the credit-card processor’s stock worth $4,303,000 after buying an additional 4,622 shares during the period. Matthew Goff Investment Advisor LLC raised its position in shares of Visa by 2.1% during the 1st quarter. Matthew Goff Investment Advisor LLC now owns 68,732 shares of the credit-card processor’s stock valued at $19,182,000 after acquiring an additional 1,445 shares during the last quarter. FOCUS Wealth Advisors LLC raised its position in shares of Visa by 6.4% during the 1st quarter. FOCUS Wealth Advisors LLC now owns 7,443 shares of the credit-card processor’s stock valued at $2,077,000 after acquiring an additional 448 shares during the last quarter. GSG Advisors LLC lifted its stake in shares of Visa by 7.3% in the 1st quarter. GSG Advisors LLC now owns 940 shares of the credit-card processor’s stock valued at $260,000 after purchasing an additional 64 shares during the period. Finally, Sanders Morris Harris LLC boosted its position in shares of Visa by 62.1% in the 1st quarter. Sanders Morris Harris LLC now owns 9,218 shares of the credit-card processor’s stock worth $2,573,000 after purchasing an additional 3,533 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were 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 directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, 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 sold 34,402 shares of company stock valued at $9,559,382 in the last quarter. 0.19% of the stock is currently owned by insiders.

Visa Stock Performance

NYSE V opened at $275.22 on Monday. The firm’s fifty day moving average price is $273.97 and its two-hundred day moving average price is $273.14. Visa Inc. has a 1 year low of $225.50 and a 1 year high of $290.96. The firm has a market capitalization of $503.36 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS. As a group, research analysts anticipate that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Oppenheimer increased their target price on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Citigroup upped their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Wedbush lifted their target price on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Evercore ISI raised their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company boosted their price objective on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $303.76.

About Visa

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.