Fifth Third Wealth Advisors LLC Has $2.39 Million Stock Position in Visa Inc. (NYSE:V)

Fifth Third Wealth Advisors LLC raised its stake in shares of Visa Inc. (NYSE:V) by 25.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,564 shares of the credit-card processor’s stock after purchasing an additional 1,720 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Visa were worth $2,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Hengehold Capital Management LLC boosted its holdings in shares of Visa by 13.5% in the 1st quarter. Hengehold Capital Management LLC now owns 2,434 shares of the credit-card processor’s stock worth $679,000 after acquiring an additional 290 shares in the last quarter. Cypress Wealth Services LLC boosted its holdings in shares of Visa by 34.9% in the 1st quarter. Cypress Wealth Services LLC now owns 3,175 shares of the credit-card processor’s stock worth $886,000 after acquiring an additional 821 shares in the last quarter. Jessup Wealth Management Inc boosted its holdings in shares of Visa by 0.7% in the 1st quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after acquiring an additional 37 shares in the last quarter. Dohj LLC boosted its holdings in shares of Visa by 0.6% in the 1st quarter. Dohj LLC now owns 11,836 shares of the credit-card processor’s stock worth $3,303,000 after acquiring an additional 71 shares in the last quarter. Finally, Tarbox Family Office Inc. acquired a new position in shares of Visa in the 1st quarter worth approximately $210,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

NYSE:V traded down $6.98 during mid-day trading on Thursday, hitting $266.62. The stock had a trading volume of 10,526,284 shares, compared to its average volume of 6,751,320. Visa Inc. has a twelve month low of $226.02 and a twelve month high of $290.96. The stock has a market cap of $487.63 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.87 and a beta of 0.97. The company’s 50 day simple moving average is $274.13 and its 200 day simple moving average is $273.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (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 the consensus estimate of $8.62 billion. During the same period last year, the business posted $2.09 EPS. Visa’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.78%. Visa’s dividend payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company boosted their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Robert W. Baird boosted their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Mizuho upped their target price on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada upped their target price on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.56.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Insiders have sold a total of 34,402 shares of company stock valued at $9,559,382 in the last three months. 0.19% of the stock is currently owned by company insiders.

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.