Oxbow Advisors LLC Has $11.55 Million Stock Holdings in Visa Inc. (NYSE:V)

Oxbow Advisors LLC boosted its stake in Visa Inc. (NYSE:V) by 1.4% in the first quarter, HoldingsChannel reports. The firm owned 41,394 shares of the credit-card processor’s stock after buying an additional 566 shares during the period. Visa makes up about 1.6% of Oxbow Advisors LLC’s portfolio, making the stock its 13th largest position. Oxbow Advisors LLC’s holdings in Visa were worth $11,552,000 as of its most recent filing with the Securities and Exchange Commission.

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

Visa Price Performance

V traded up $1.72 during trading on Friday, reaching $264.27. The stock had a trading volume of 1,496,444 shares, compared to its average volume of 6,831,925. The stock has a market cap of $483.33 billion, a PE ratio of 29.34, a PEG ratio of 1.80 and a beta of 0.95. 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 Inc. has a one year low of $227.68 and a one year high of $290.96. The business has a 50-day moving average of $272.88 and a 200-day moving average of $273.85.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating 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 business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the firm earned $2.09 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts anticipate that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

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

Insider Activity

In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 transaction of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The stock was 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 disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on V. 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 report on Wednesday, April 24th. Robert W. Baird raised their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Bank of America reissued a “neutral” rating and set a $297.00 price target (down from $305.00) on shares of Visa in a research report on Wednesday. Citigroup raised their price target on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Piper Sandler assumed coverage on shares of Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $304.44.

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.