Romano Brothers AND Company Acquires 585 Shares of Visa Inc. (NYSE:V)

Romano Brothers AND Company increased its holdings in shares of Visa Inc. (NYSE:V) by 7.8% during the 1st quarter, HoldingsChannel reports. The fund owned 8,086 shares of the credit-card processor’s stock after buying an additional 585 shares during the period. Romano Brothers AND Company’s holdings in Visa were worth $2,257,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Nadler Financial Group Inc. raised its holdings in shares of Visa by 2.4% during the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares during the last quarter. Towerpoint Wealth LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $216,000. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Visa during the fourth quarter valued at approximately $3,427,000. Richelieu Gestion SA purchased a new position in shares of Visa during the fourth quarter valued at approximately $307,000. Finally, Cooper Financial Group raised its holdings in shares of Visa by 6.4% during the fourth quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after purchasing an additional 476 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V stock traded down $4.12 during trading on Friday, hitting $262.47. 13,957,270 shares of the company’s stock traded hands, compared to its average volume of 8,762,266. Visa Inc. has a 52 week low of $227.68 and a 52 week high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The business has a fifty day simple moving average of $273.88 and a 200 day simple moving average of $273.50. The stock has a market capitalization of $480.04 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.82 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the business earned $2.09 earnings per share. Visa’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on V. Wedbush boosted their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. UBS Group upped their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Piper Sandler initiated coverage on shares of Visa in a report on Monday, May 13th. They set an “overweight” rating and a $322.00 target price for the company. Mizuho upped their target price on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $303.56.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were 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 owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,402 shares of company stock valued at $9,559,382. 0.19% of the stock is currently owned by company insiders.

Visa 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.