Laird Norton Wetherby Wealth Management LLC Purchases 1,636 Shares of Visa Inc. $V

Laird Norton Wetherby Wealth Management LLC boosted its position in Visa Inc. (NYSE:V) by 3.0% in the third quarter, Holdings Channel.com reports. The firm owned 56,616 shares of the credit-card processor’s stock after purchasing an additional 1,636 shares during the quarter. Visa comprises 0.8% of Laird Norton Wetherby Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Laird Norton Wetherby Wealth Management LLC’s holdings in Visa were worth $19,328,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Sonoma Allocations LLC bought a new stake in Visa during the 3rd quarter worth approximately $710,000. AQR Capital Management LLC raised its stake in shares of Visa by 1.8% during the second quarter. AQR Capital Management LLC now owns 1,241,348 shares of the credit-card processor’s stock valued at $438,196,000 after acquiring an additional 21,401 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its stake in shares of Visa by 5.9% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 95,150 shares of the credit-card processor’s stock valued at $33,783,000 after acquiring an additional 5,295 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Visa by 2.6% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 574,043 shares of the credit-card processor’s stock worth $198,596,000 after purchasing an additional 14,581 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of Visa by 24.1% in the third quarter. Federated Hermes Inc. now owns 823,262 shares of the credit-card processor’s stock worth $281,045,000 after purchasing an additional 159,906 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other Visa news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. The trade was a 19.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the sale, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on V. Macquarie Infrastructure restated an “outperform” rating and issued a $410.00 price objective on shares of Visa in a report on Friday, January 30th. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Bank of America assumed coverage on Visa in a research report on Thursday, March 5th. They issued a “buy” rating and a $410.00 price target on the stock. Piper Sandler set a $160.00 price target on Visa in a research note on Wednesday, January 28th. Finally, Truist Financial set a $372.00 price objective on Visa in a research report on Tuesday, February 10th. Seven investment 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 company. According to MarketBeat, Visa has a consensus rating of “Buy” and an average target price of $392.65.

Visa Stock Performance

Shares of V stock opened at $310.10 on Tuesday. 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 fifty day simple moving average of $324.62 and a two-hundred day simple moving average of $335.62. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The firm has a market capitalization of $562.88 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.76 and a beta of 0.78.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The firm had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the firm earned $2.75 earnings per share. Analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa’s dividend payout ratio is currently 25.14%.

Visa Profile

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.