Visa Inc. (NYSE:V) Shares Acquired by Annex Advisory Services LLC



Annex Advisory Services LLC lifted its stake in shares of Visa Inc. (NYSE:V – Get Rating) by 0.6% during the 1st quarter, HoldingsChannel reports. The firm owned 61,239 shares of the credit-card processor’s stock after purchasing an additional 337 during the quarter. Visa comprises 1.0% of Annex Advisory Services LLC’s investment portfolio, making the stock its 17th biggest position. Annex Advisory Services LLC’s holdings in Visa were worth $13,581,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Capital Advisors Wealth Management LLC boosted its holdings in shares of Visa by 0.4% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 10,563 shares of the credit-card processor’s stock worth $2,289,000 after purchasing an additional 45 shares during the last quarter. Corbett Road Capital Management LLC boosted its holdings in shares of Visa by 3.1% during the 4th quarter. Corbett Road Capital Management LLC now owns 1,486 shares of the credit-card processor’s stock worth $322,000 after purchasing an additional 45 shares during the last quarter. IVC Wealth Advisors LLC boosted its holdings in shares of Visa by 0.8% during the 4th quarter. IVC Wealth Advisors LLC now owns 5,757 shares of the credit-card processor’s stock worth $1,248,000 after purchasing an additional 46 shares during the last quarter. Financial Consulate Inc. boosted its holdings in shares of Visa by 1.0% during the 4th quarter. Financial Consulate Inc. Now owns 4,851 shares of the credit-card processor’s stock worth $1,051,000 after purchasing an additional 46 during the last quarter. Finally, Tranquilli Financial Advisor LLC boosted its holdings in shares of Visa by 3.1% during the 4th quarter. Tranquilli Financial Advisor LLC now owns 1,537 shares of the credit-card processor’s stock worth $333,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Visa stock opened at $198.12 on Wednesday. Visa Inc. has a twelve month low of $185.91 and a twelve month high of $252.67. The stock’s fifty day simple moving average is $204.13 and its 200-day simple moving average is $212.04. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $376.68 billion, a P/E ratio of 31.15, a P/E/G ratio of 1.75 and a beta of 0.90.

Visa (NYSE:V – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. The business had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.82 billion. Visa had a return on equity of 42.89% and a net margin of 51.10%. The company’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. Sell-side analysts predict that Visa Inc. will post 7.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Friday, May 13th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s payout ratio is currently 23.58%.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $210.38, for a total transaction of $1,893,420.00. Following the completion of the transaction, the chief executive officer now owns 162,887 shares in the company, valued at $34,268,167.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Ryan Mcinerney sold 6,467 shares of the business’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $223.65, for a total transaction of $1,446,344.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,467 shares of company stock valued at $7,322,535. Insiders own 0.21% of the company’s stock.

Several research firms have recently commented on V. The Goldman Sachs Group began coverage on shares of Visa in a research report on Tuesday, May 17th. They set a “buy” rating and a $282.00 price target on the stock. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Evercore ISI lifted their price target on shares of Visa from $304.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, April 27th. Credit Suisse Group lifted their price target on shares of Visa from $260.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, April 27th. Finally, Citigroup reduced their price target on shares of Visa from $285.00 to $265.00 in a research report on Monday, April 25th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $267.44.

Visa Company Profile (Get Rating)

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.

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Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Get Rating).

Institutional Ownership by Quarter for Visa (NYSE:V)



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