Park Square Financial Group LLC Sells 2,009 Shares of Visa Inc. $V

Park Square Financial Group LLC lowered its position in shares of Visa Inc. (NYSE:V) by 95.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93 shares of the credit-card processor’s stock after selling 2,009 shares during the period. Park Square Financial Group LLC’s holdings in Visa were worth $32,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Waverton Investment Management Ltd grew its stake in shares of Visa by 21.2% in the third quarter. Waverton Investment Management Ltd now owns 1,121,755 shares of the credit-card processor’s stock worth $382,636,000 after purchasing an additional 196,342 shares during the last quarter. Davis R M Inc. raised its position in Visa by 0.7% during the 3rd quarter. Davis R M Inc. now owns 293,172 shares of the credit-card processor’s stock valued at $100,083,000 after purchasing an additional 1,949 shares during the last quarter. London & Capital Asset Management Ltd lifted its holdings in Visa by 21.3% in the 3rd quarter. London & Capital Asset Management Ltd now owns 151,643 shares of the credit-card processor’s stock worth $51,760,000 after buying an additional 26,614 shares during the period. PKS Advisory Services LLC grew its position in shares of Visa by 7.1% in the 3rd quarter. PKS Advisory Services LLC now owns 3,202 shares of the credit-card processor’s stock worth $1,093,000 after buying an additional 212 shares during the last quarter. Finally, RFP Financial Group LLC grew its position in shares of Visa by 7.3% in the 3rd quarter. RFP Financial Group LLC now owns 2,537 shares of the credit-card processor’s stock worth $835,000 after buying an additional 173 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 9,401 shares in the company, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $319.07 on Monday. 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 capitalization of $579.17 billion, a P/E ratio of 29.93, a P/E/G ratio of 1.83 and a beta of 0.78. The business has a fifty day simple moving average of $333.00 and a two-hundred day simple moving average of $338.09. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51.

Visa (NYSE:V) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share 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 the consensus estimate of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.75 EPS. On average, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Visa in a report on Wednesday, January 21st. Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a research report on Wednesday, January 28th. Bank of America raised shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 target price for the company in a research report on Thursday, December 11th. Freedom Capital raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Finally, Piper Sandler set a $160.00 price target on shares of Visa in a research report on Wednesday, January 28th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Visa currently has an average rating of “Buy” and a consensus target price 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.