MGO Private Wealth LLC Has $738,000 Holdings in Visa Inc. (NYSE:V)

MGO Private Wealth LLC boosted its position in shares of Visa Inc. (NYSE:V) by 56.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,643 shares of the credit-card processor’s stock after acquiring an additional 954 shares during the period. MGO Private Wealth LLC’s holdings in Visa were worth $738,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Westend Capital Management LLC acquired a new stake in Visa in the 1st quarter valued at approximately $25,000. Livelsberger Financial Advisory acquired a new stake in shares of Visa in the fourth quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in Visa in the 4th quarter valued at $32,000. Frank Rimerman Advisors LLC acquired a new stake in Visa in the 4th quarter worth $33,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Visa during the 4th quarter worth about $37,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred 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 transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

V has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Evercore ISI reduced their target price on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Citigroup increased their price target on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Piper Sandler assumed coverage on Visa in a research report on Monday, May 13th. They set an “overweight” rating and a $322.00 target price for the company. Finally, Royal Bank of Canada raised their price objective on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $303.56.

Visa Stock Performance

Shares of NYSE V traded up $0.17 during midday trading on Monday, hitting $262.64. 5,057,704 shares of the company’s stock were exchanged, compared to its average volume of 6,795,453. Visa Inc. has a 12 month low of $227.68 and a 12 month high of $290.96. The company’s 50 day moving average price is $273.88 and its 200 day moving average price is $273.58. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $480.35 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95.

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

Visa Announces Dividend

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