MML Investors Services LLC Acquires 14,043 Shares of Visa Inc. $V

MML Investors Services LLC raised its holdings in shares of Visa Inc. (NYSE:VFree Report) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 472,741 shares of the credit-card processor’s stock after buying an additional 14,043 shares during the period. MML Investors Services LLC’s holdings in Visa were worth $165,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of V. Clayton Financial Group LLC grew its position in Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. PayPay Securities Corp grew its position in Visa by 102.7% during the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new position in Visa during the fourth quarter valued at approximately $26,000. Parvin Asset Management LLC grew its position in Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Finally, Dorato Capital Management bought a new position in Visa during the fourth quarter valued at approximately $30,000. 82.15% of the stock is currently owned by institutional investors.

Key Visa News

Here are the key news stories impacting Visa this week:

Insiders Place Their Bets

In related news, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This trade represents a 51.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,161,284.36. The trade was a 67.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Raymond James Financial restated an “outperform” rating and issued a $389.00 target price on shares of Visa in a report on Wednesday, April 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $450.00 target price on shares of Visa in a report on Tuesday, June 2nd. Loop Capital assumed coverage on shares of Visa in a report on Tuesday, March 31st. They issued a “buy” rating and a $387.00 target price on the stock. Bank of America assumed coverage on shares of Visa in a report on Thursday, March 5th. They issued a “buy” rating and a $410.00 target price on the stock. Finally, Weiss Ratings cut shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 16th. Six equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $387.78.

Get Our Latest Report on V

Visa Stock Down 0.1%

Shares of Visa stock opened at $321.98 on Monday. The company’s 50 day moving average price is $318.69 and its 200-day moving average price is $324.37. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $363.01. The stock has a market capitalization of $577.56 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 1.72 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same quarter last year, the firm posted $2.76 earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 13.09 EPS for the current year.

Visa announced that its Board of Directors has approved a share repurchase program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio (DPR) is presently 23.34%.

Visa Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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