Left Brain Wealth Management LLC Has $3.81 Million Stock Holdings in Visa Inc. (NYSE:V)

Left Brain Wealth Management LLC raised its stake in shares of Visa Inc. (NYSE:VFree Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,619 shares of the credit-card processor’s stock after buying an additional 179 shares during the period. Visa comprises about 2.2% of Left Brain Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Left Brain Wealth Management LLC’s holdings in Visa were worth $3,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of V. Altshuler Shaham Ltd bought a new position in shares of Visa during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in Visa during the fourth quarter valued at about $32,000. Frank Rimerman Advisors LLC bought a new position in Visa during the fourth quarter valued at about $33,000. Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the fourth quarter worth about $37,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of Visa during the 4th quarter valued at about $40,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on V shares. Redburn Atlantic reissued a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Macquarie raised their target price on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. UBS Group upped their price target on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Finally, Oppenheimer increased their price target on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average target price of $303.76.

Check Out Our Latest Report on V

Visa Stock Performance

Shares of NYSE:V traded down $2.48 on Tuesday, hitting $272.56. The company had a trading volume of 1,989,887 shares, compared to its average volume of 6,205,885. Visa Inc. has a 1-year low of $221.37 and a 1-year high of $290.96. The stock has a market cap of $498.50 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 1.91 and a beta of 0.97. The stock has a 50 day moving average price of $274.56 and a 200 day moving average price of $271.98. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:VGet Free Report) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 earnings per share. Analysts expect that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio is 23.24%.

Insider Buying and Selling

In related 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 sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’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 transaction, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock valued at $9,559,382 over the last quarter. 0.19% of the stock is owned by company insiders.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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