GFG Capital LLC boosted its position in shares of Visa Inc. (NYSE:V) by 2.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 25,821 shares of the credit-card processor’s stock after buying an additional 713 shares during the quarter. Visa accounts for 1.9% of GFG Capital LLC’s investment portfolio, making the stock its 18th largest holding. GFG Capital LLC’s holdings in Visa were worth $5,467,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kinloch Capital LLC bought a new position in Visa in the fourth quarter worth about $27,000. FNY Investment Advisers LLC raised its holdings in Visa by 129.1% in the fourth quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. Horan Securities Inc. raised its holdings in Visa by 432.0% in the fourth quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock worth $29,000 after purchasing an additional 108 shares in the last quarter. Cowa LLC bought a new position in Visa in the fourth quarter worth about $29,000. Finally, New Capital Management LP bought a new position in Visa in the fourth quarter worth about $35,000. 80.50% of the stock is owned by institutional investors.

Shares of NYSE:V opened at $232.61 on Tuesday. Visa Inc. has a 1 year low of $171.72 and a 1 year high of $237.50. The firm has a market capitalization of $454.13 billion, a price-to-earnings ratio of 47.67, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.91 and a quick ratio of 1.91. The business’s 50 day moving average price is $221.11 and its 200-day moving average price is $210.57.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 27th. The credit-card processor reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.12. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $5.54 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. On average, sell-side analysts expect that Visa Inc. will post 5.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $1.28 dividend on an annualized basis and a yield of 0.55%. Visa’s payout ratio is currently 25.40%.

Several equities analysts have recently issued reports on V shares. KeyCorp upped their price objective on shares of Visa from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, January 13th. Credit Suisse Group upped their price objective on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Tuesday. Oppenheimer upped their price objective on shares of Visa from $245.00 to $260.00 in a report on Wednesday, April 28th. Mizuho upped their price objective on shares of Visa from $250.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Truist Securities upped their price objective on shares of Visa from $230.00 to $250.00 in a report on Wednesday, April 28th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $246.32.

In other Visa news, President Ryan Mcinerney sold 11,193 shares of the firm’s stock in a transaction on Monday, February 8th. The stock was sold at an average price of $210.00, for a total value of $2,350,530.00. Following the completion of the sale, the president now directly owns 11,193 shares of the company’s stock, valued at approximately $2,350,530. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction on Wednesday, March 31st. The stock was sold at an average price of $212.55, for a total value of $1,912,950.00. Following the completion of the sale, the chief executive officer now directly owns 163,112 shares of the company’s stock, valued at $34,669,455.60. The disclosure for this sale can be found here. Insiders sold a total of 133,843 shares of company stock worth $29,838,958 in the last 90 days. 0.19% of the stock is currently owned by insiders.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Further Reading: Bond

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Institutional Ownership by Quarter for Visa (NYSE:V)

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