Annapolis Financial Services LLC Has $122,000 Position in Visa Inc. (NYSE:V)

Annapolis Financial Services LLC lessened its stake in Visa Inc. (NYSE:V) by 67.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 436 shares of the credit-card processor’s stock after selling 905 shares during the quarter. Annapolis Financial Services LLC’s holdings in Visa were worth $122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in V. Norges Bank bought a new stake in Visa during the fourth quarter worth $3,895,015,000. International Assets Investment Management LLC raised its position in shares of Visa by 17,418.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after purchasing an additional 4,710,188 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Visa by 14,306.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock valued at $390,595,000 after purchasing an additional 1,489,856 shares during the period. Capital World Investors increased its position in Visa by 8.0% during the fourth quarter. Capital World Investors now owns 17,895,788 shares of the credit-card processor’s stock worth $4,659,169,000 after acquiring an additional 1,323,238 shares during the period. Finally, Capital Research Global Investors increased its position in Visa by 139.4% during the fourth quarter. Capital Research Global Investors now owns 2,185,077 shares of the credit-card processor’s stock worth $568,885,000 after acquiring an additional 1,272,211 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on V. Piper Sandler began coverage on shares of Visa in a research report on Monday, May 13th. They set an “overweight” rating and a $322.00 price target on the stock. Citigroup increased their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Royal Bank of Canada increased their price objective on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Wedbush raised their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five equities 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $303.56.

Insider Transactions at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock worth $9,559,382 in the last quarter. Insiders own 0.19% of the company’s stock.

Visa Stock Down 1.5 %

Shares of V stock traded down $4.12 on Friday, hitting $262.47. The stock had a trading volume of 13,957,270 shares, compared to its average volume of 8,762,266. Visa Inc. has a 12-month low of $227.68 and a 12-month high of $290.96. The stock has a market cap of $480.04 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. The business has a 50 day moving average of $273.88 and a 200 day moving average of $273.50. 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 (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts expect that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

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

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.