Mcguire Capital Advisors Inc. Invests $1.77 Million in Visa Inc. $V

Mcguire Capital Advisors Inc. acquired a new stake in Visa Inc. (NYSE:VFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,055 shares of the credit-card processor’s stock, valued at approximately $1,773,000. Visa makes up approximately 1.1% of Mcguire Capital Advisors Inc.’s investment portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in V. Chapman Financial Group LLC boosted its position in Visa by 0.9% during the third quarter. Chapman Financial Group LLC now owns 3,211 shares of the credit-card processor’s stock valued at $1,096,000 after buying an additional 30 shares during the period. Ransom Advisory Ltd grew its stake in shares of Visa by 0.3% during the fourth quarter. Ransom Advisory Ltd now owns 9,447 shares of the credit-card processor’s stock valued at $3,313,000 after buying an additional 30 shares during the last quarter. TSA Wealth Managment LLC increased its holdings in shares of Visa by 4.9% in the third quarter. TSA Wealth Managment LLC now owns 659 shares of the credit-card processor’s stock worth $225,000 after buying an additional 31 shares during the period. Bank OZK increased its holdings in shares of Visa by 3.7% in the third quarter. Bank OZK now owns 858 shares of the credit-card processor’s stock worth $293,000 after buying an additional 31 shares during the period. Finally, FOCUS Wealth Advisors LLC lifted its stake in shares of Visa by 0.4% in the 4th quarter. FOCUS Wealth Advisors LLC now owns 7,710 shares of the credit-card processor’s stock valued at $2,704,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on V shares. Raymond James Financial restated an “outperform” rating and set a $389.00 target price on shares of Visa in a report on Wednesday, April 29th. Evercore set a $350.00 price target on Visa in a research note on Wednesday, April 29th. Citigroup lowered their price objective on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings lowered Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $415.00 target price on shares of Visa in a research note on Wednesday, April 29th. Six analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $387.78.

Read Our Latest Analysis on V

Visa Stock Down 0.8%

NYSE V opened at $327.67 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $587.76 billion, a PE ratio of 28.54, a PEG ratio of 1.76 and a beta of 0.77. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $359.66. The business’s 50-day moving average is $320.85 and its 200 day moving average is $324.21.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.Visa’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.76 EPS. Sell-side analysts forecast that Visa Inc. will post 13.09 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s payout ratio is 23.34%.

Visa announced that its board has approved a stock buyback program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 31,455 shares of Visa stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This trade represents a 51.87% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by insiders.

About Visa

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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