Visa Inc. (NYSE:V) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in Visa Inc. (NYSE:V - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,686,787 shares of the credit-card processor's stock after acquiring an additional 34,769 shares during the period. Visa accounts for about 0.5% of First Trust Advisors LP's holdings, making the stock its 27th biggest position. First Trust Advisors LP owned approximately 0.09% of Visa worth $533,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Riverstone Advisors LLC purchased a new position in shares of Visa during the 4th quarter worth approximately $217,000. Journey Strategic Wealth LLC raised its position in Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after acquiring an additional 1,361 shares in the last quarter. King Wealth Management Group boosted its position in shares of Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Visa during the 4th quarter worth $10,163,000. Finally, Copley Financial Group Inc. acquired a new stake in shares of Visa in the third quarter valued at about $616,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by company insiders.

Visa Stock Up 1.5 %

Shares of NYSE:V traded up $4.87 during midday trading on Wednesday, hitting $336.27. 2,250,336 shares of the company's stock traded hands, compared to its average volume of 7,197,886. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a market cap of $624.71 billion, a PE ratio of 33.90, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm's fifty day moving average price is $339.57 and its two-hundred day moving average price is $321.41.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. Visa's payout ratio is currently 23.79%.

Analyst Ratings Changes

A number of brokerages have issued reports on V. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Bank of America increased their price objective on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Visa in a research note on Friday, January 31st. The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Piper Sandler reiterated an "overweight" rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $355.84.

Visa Company 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.