Visa Inc. (NYSE:V) Shares Bought by MGO Private Wealth LLC

MGO Private Wealth LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 56.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,643 shares of the credit-card processor’s stock after buying an additional 954 shares during the quarter. MGO Private Wealth LLC’s holdings in Visa were worth $738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Westend Capital Management LLC acquired a new position in Visa during the first quarter valued at $25,000. Livelsberger Financial Advisory acquired a new stake in shares of Visa during the 4th quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in Visa during the fourth quarter worth approximately $32,000. Frank Rimerman Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth approximately $33,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Visa in the 4th quarter worth $37,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on V. Oppenheimer increased their target price on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. UBS Group increased their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Macquarie increased their price target on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Wedbush increased their price target on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Citigroup boosted their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $303.56.

Visa Price Performance

Shares of NYSE V traded up $0.17 during trading on Monday, hitting $262.64. 5,057,704 shares of the company were exchanged, compared to its average volume of 6,795,453. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. Visa Inc. has a 1 year low of $227.68 and a 1 year high of $290.96. The company has a market cap of $480.35 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.80 and a beta of 0.95. The firm’s fifty day moving average price is $273.88 and its 200 day moving average price is $273.58.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the business posted $2.09 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.79%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Visa Profile

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.