Cetera Belief Firm N.A lessened its stake in shares of Visa Inc. (NYSE:V – Free Report) by 3.5% within the third quarter, in keeping with its most up-to-date submitting with the Securities & Alternate Fee. The institutional investor owned 10,271 shares of the credit-card processor’s inventory after promoting 377 shares in the course of the quarter. Visa includes 1.7% of Cetera Belief Firm N.A’s portfolio, making the inventory its thirteenth largest holding. Cetera Belief Firm N.A’s holdings in Visa had been value $2,824,000 as of its most up-to-date submitting with the Securities & Alternate Fee.
A number of different hedge funds and different institutional buyers have additionally just lately modified their holdings of V. POM Funding Methods LLC elevated its stake in Visa by 970.0% within the 2nd quarter. POM Funding Methods LLC now owns 107 shares of the credit-card processor’s inventory value $28,000 after buying an extra 97 shares over the past quarter. TruNorth Capital Administration LLC grew its holdings in shares of Visa by 211.9% in the course of the second quarter. TruNorth Capital Administration LLC now owns 131 shares of the credit-card processor’s inventory value $34,000 after buying an extra 89 shares within the final quarter. Bbjs Monetary Advisors LLC purchased a brand new place in shares of Visa within the second quarter value roughly $35,000. CarsonAllaria Wealth Administration Ltd. bought a brand new stake in Visa within the second quarter valued at roughly $35,000. Lastly, Abich Monetary Wealth Administration LLC lifted its place in Visa by 52.9% in the course of the first quarter. Abich Monetary Wealth Administration LLC now owns 133 shares of the credit-card processor’s inventory valued at $37,000 after buying an extra 46 shares over the past quarter. 82.15% of the inventory is at present owned by institutional buyers.
Visa Value Efficiency
Shares of V opened at $284.88 on Wednesday. The corporate has a market capitalization of $521.03 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of two.00 and a beta of 0.96. The agency has a 50 day transferring common of $277.95 and a 200 day transferring common of $273.02. Visa Inc. has a twelve month low of $228.03 and a twelve month excessive of $293.07. The corporate has a fast ratio of 1.37, a present ratio of 1.37 and a debt-to-equity ratio of 0.54.
Visa (NYSE:V – Get Free Report) final issued its earnings outcomes on Tuesday, July twenty third. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. Visa had a web margin of 54.72% and a return on fairness of 51.94%. The corporate had income of $8.90 billion for the quarter, in comparison with analysts’ expectations of $8.92 billion. Throughout the identical quarter final yr, the corporate posted $2.16 earnings per share. The agency’s quarterly income was up 9.6% on a year-over-year foundation. As a bunch, equities analysis analysts anticipate that Visa Inc. will put up 9.92 earnings per share for the present fiscal yr.
Wall Avenue Analysts Forecast Development
Quite a few equities analysts have just lately commented on V shares. Citigroup decreased their worth goal on shares of Visa from $321.00 to $319.00 and set a “purchase” score on the inventory in a report on Wednesday, July twenty fourth. TD Cowen diminished their goal worth on Visa from $320.00 to $318.00 and set a “purchase” score on the inventory in a analysis word on Wednesday, July twenty fourth. Jefferies Monetary Group lower their worth goal on Visa from $325.00 to $300.00 and set a “purchase” score for the corporate in a report on Wednesday, July twenty fourth. Oppenheimer initiated protection on Visa in a report on Tuesday, October 1st. They set an “outperform” score and a $318.00 worth goal on the inventory. Lastly, Royal Financial institution of Canada lower their goal worth on Visa from $315.00 to $311.00 and set an “outperform” score for the corporate in a analysis word on Wednesday, July twenty fourth. 4 analysts have rated the inventory with a maintain score, twenty-three have assigned a purchase score and two have issued a powerful purchase score to the corporate. In response to MarketBeat.com, the inventory presently has a consensus score of “Average Purchase” and a mean worth goal of $314.19.
Insider Exercise at Visa
In different information, CEO Ryan Mcinerney bought 8,620 shares of the enterprise’s inventory in a transaction on Tuesday, September third. The shares had been bought at a mean worth of $276.37, for a complete transaction of $2,382,309.40. Following the completion of the sale, the chief govt officer now owns 538 shares of the corporate’s inventory, valued at $148,687.06. The commerce was a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. 0.19% of the inventory is owned by firm insiders.
Visa Profile
Visa Inc operates as a fee expertise firm in the US and internationally. The corporate operates VisaNet, a transaction processing community that permits authorization, clearing, and settlement of fee transactions. It additionally gives credit score, debit, and pay as you go card merchandise; faucet to pay, tokenization, and click on to pay companies; Visa Direct, an answer that facilitates the supply of funds to eligible playing cards, deposit accounts, and digital wallets; Visa B2B Join, a multilateral business-to-business cross-border funds community; Visa Cross-Border Answer, a cross-border shopper funds resolution; and Visa DPS that gives a variety of value-added companies, together with fraud mitigation, dispute administration, knowledge analytics, marketing campaign administration, a collection of digital options, and make contact with heart companies.
Featured Tales
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