New Covenant Belief Firm N.A. decreased its stake in Visa Inc. (NYSE:V – Free Report) by 2.6% within the second quarter, in keeping with its most up-to-date Type 13F submitting with the Securities and Alternate Fee (SEC). The agency owned 1,772 shares of the credit-card processor’s inventory after promoting 47 shares through the interval. New Covenant Belief Firm N.A.’s holdings in Visa have been price $470,000 on the finish of the latest reporting interval.
A lot of different massive traders have additionally just lately made modifications to their positions in V. Livelsberger Monetary Advisory purchased a brand new stake in Visa through the fourth quarter valued at $25,000. Westend Capital Administration LLC purchased a brand new stake in shares of Visa within the 1st quarter valued at about $25,000. POM Funding Methods LLC lifted its stake in shares of Visa by 970.0% within the 2nd quarter. POM Funding Methods LLC now owns 107 shares of the credit-card processor’s inventory valued at $28,000 after buying a further 97 shares over the past quarter. Frank Rimerman Advisors LLC purchased a brand new stake in shares of Visa within the 4th quarter valued at about $33,000. Lastly, TruNorth Capital Administration LLC lifted its stake in shares of Visa by 211.9% within the 2nd quarter. TruNorth Capital Administration LLC now owns 131 shares of the credit-card processor’s inventory valued at $34,000 after buying a further 89 shares over the past quarter. 82.15% of the inventory is owned by institutional traders.
Wall Avenue Analyst Weigh In
V has been the topic of plenty of current analyst stories. William Blair raised Visa to a “strong-buy” score in a analysis report on Tuesday, July twenty third. StockNews.com upgraded Visa from a “maintain” score to a “purchase” score in a report on Friday, August ninth. Citigroup decreased their goal value on Visa from $321.00 to $319.00 and set a “purchase” score on the inventory in a report on Wednesday, July twenty fourth. JPMorgan Chase & Co. upped their goal value on Visa from $290.00 to $320.00 and gave the inventory an “chubby” score in a report on Tuesday, August twentieth. Lastly, Morgan Stanley decreased their goal value on Visa from $326.00 to $322.00 and set an “chubby” score on the inventory in a report on Wednesday, July twenty fourth. Six analysts have rated the inventory with a maintain score, twenty-one have assigned a purchase score and one has given a robust purchase score to the inventory. Primarily based on knowledge from MarketBeat, the corporate at present has a consensus score of “Average Purchase” and a mean goal value of $308.50.
Verify Out Our Newest Analysis Report on V
Visa Worth Efficiency
NYSE V opened at $276.37 on Friday. The enterprise’s fifty day transferring common value is $265.70 and its 200-day transferring common value is $273.13. The inventory has a market capitalization of $503.63 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 1.95 and a beta of 0.95. The corporate has a debt-to-equity ratio of 0.54, a present ratio of 1.37 and a fast ratio of 1.37. Visa Inc. has a 1-year low of $227.78 and a 1-year excessive of $290.96.
Visa (NYSE:V – Get Free Report) final launched its quarterly earnings outcomes on Tuesday, July twenty third. The credit-card processor reported $2.42 earnings per share for the quarter, assembly the consensus estimate of $2.42. The agency had income of $8.90 billion for the quarter, in comparison with analysts’ expectations of $8.92 billion. Visa had a return on fairness of 51.94% and a internet margin of 54.72%. The corporate’s income was up 9.6% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the agency earned $2.16 EPS. On common, equities analysts predict that Visa Inc. will put up 9.92 earnings per share for the present yr.
Visa Dividend Announcement
The corporate additionally just lately declared a quarterly dividend, which might be paid on Tuesday, September third. Stockholders of file on Friday, August ninth might be issued a dividend of $0.52 per share. The ex-dividend date is Friday, August ninth. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s payout ratio is 23.24%.
Visa Profile
Visa Inc operates as a cost know-how firm in america and internationally. The corporate operates VisaNet, a transaction processing community that permits authorization, clearing, and settlement of cost 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 client 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.
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