Clare Market Investments LLC Grows Holdings in Visa Inc. (NYSE:V)

by · The Cerbat Gem

Clare Market Investments LLC raised its position in Visa Inc. (NYSE:VFree Report) by 16.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,295 shares of the credit-card processor’s stock after buying an additional 456 shares during the period. Clare Market Investments LLC’s holdings in Visa were worth $1,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in V. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC increased its stake in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in shares of Visa during the fourth quarter worth about $32,000. FPC Investment Advisory Inc. increased its stake in shares of Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after purchasing an additional 83 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new stake in shares of Visa during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $9,377,671.52. This represents a 35.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $194,807.49. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock worth $41,546,299 in the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of V stock opened at $368.04 on Thursday. The firm’s 50 day moving average price is $344.66 and its 200-day moving average price is $334.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $371.75. The firm has a market cap of $679.09 billion, a P/E ratio of 37.10, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the business posted $2.51 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa’s dividend payout ratio is currently 23.72%.

Wall Street Analyst Weigh In

V has been the topic of a number of recent research reports. Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. UBS Group boosted their price target on shares of Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday, May 28th. Truist Financial initiated coverage on shares of Visa in a research report on Monday. They set a “buy” rating and a $400.00 price target on the stock. Finally, Piper Sandler boosted their price target on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $367.48.

Check Out Our Latest Analysis on V

About Visa

(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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