Ellis Funding Companions LLC grew its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 55.0% within the 2nd quarter, HoldingsChannel.com experiences. The institutional investor owned 1,214 shares of the credit-card processor’s inventory after buying an extra 431 shares throughout the interval. Ellis Funding Companions LLC’s holdings in Visa had been price $319,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional buyers additionally just lately modified their holdings of the inventory. Alaethes Wealth LLC boosted its place in Visa by 0.4% within the fourth quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s inventory price $2,302,000 after buying an extra 37 shares over the last quarter. Jessup Wealth Administration Inc elevated its stake in shares of Visa by 0.7% throughout the 1st quarter. Jessup Wealth Administration Inc now owns 5,051 shares of the credit-card processor’s inventory price $1,410,000 after buying an extra 37 shares over the last quarter. Lengthy Run Wealth Advisors LLC lifted its place in shares of Visa by 2.5% throughout the 1st quarter. Lengthy Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s inventory valued at $424,000 after shopping for an extra 37 shares over the last quarter. Cordatus Wealth Administration LLC elevated its holdings in Visa by 0.3% within the 1st quarter. Cordatus Wealth Administration LLC now owns 10,793 shares of the credit-card processor’s inventory price $3,012,000 after buying an extra 37 shares over the last quarter. Lastly, Backyard State Funding Advisory Providers LLC raised its stake in Visa by 1.8% within the 4th quarter. Backyard State Funding Advisory Providers LLC now owns 2,191 shares of the credit-card processor’s inventory valued at $571,000 after buying an extra 38 shares throughout the interval. Institutional buyers personal 82.15% of the corporate’s inventory.
Visa Inventory Efficiency
Shares of V opened at $279.37 on Monday. The enterprise has a 50-day easy transferring common of $266.53 and a two-hundred day easy transferring common of $273.11. The inventory has a market cap of $509.10 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 1.97 and a beta of 0.96. 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 Inc. has a 52 week low of $227.78 and a 52 week excessive of $290.96.
Visa (NYSE:V – Get Free Report) final posted its quarterly earnings outcomes on Tuesday, July twenty third. The credit-card processor reported $2.42 EPS for the quarter, assembly analysts’ consensus estimates of $2.42. The enterprise 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 web margin of 54.72%. The enterprise’s quarterly income was up 9.6% on a year-over-year foundation. Throughout the identical interval final 12 months, the agency earned $2.16 earnings per share. On common, analysts anticipate that Visa Inc. will put up 9.92 EPS for the present 12 months.
Visa Declares Dividend
The agency additionally just lately declared a quarterly dividend, which was paid on Tuesday, September third. Shareholders of report on Friday, August ninth had been paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, August ninth. This represents a $2.08 annualized dividend and a yield of 0.74%. Visa’s payout ratio is 23.24%.
Wall Road Analyst Weigh In
A variety of brokerages have weighed in on V. JPMorgan Chase & Co. elevated their goal value on shares of Visa from $290.00 to $320.00 and gave the inventory an “chubby” score in a analysis report on Tuesday, August twentieth. StockNews.com raised shares of Visa from a “maintain” score to a “purchase” score in a report on Friday, August ninth. Financial institution of America reissued a “impartial” score and set a $297.00 goal value (down beforehand from $305.00) on shares of Visa in a report on Wednesday, July tenth. Piper Sandler decreased their value goal on Visa from $322.00 to $319.00 and set an “chubby” score on the inventory in a analysis word on Wednesday, July twenty fourth. Lastly, Compass Level initiated protection on Visa in a analysis word on Wednesday, September 4th. They issued a “purchase” score and a $319.00 goal value for the corporate. Six analysts have rated the inventory with a maintain score, twenty-three have assigned a purchase score and one has issued a robust purchase score to the inventory. Based on knowledge from MarketBeat, Visa has a consensus score of “Average Purchase” and a consensus goal value of $309.54.
Learn Our Newest Analysis Report on Visa
Insider Shopping for and Promoting at Visa
In associated information, CEO Ryan Mcinerney offered 8,620 shares of the agency’s inventory in a transaction on Tuesday, September third. The shares had been offered at a median value of $276.37, for a complete transaction of $2,382,309.40. Following the completion of the transaction, the chief govt officer now instantly owns 538 shares of the corporate’s inventory, valued at $148,687.06. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is accessible by way of this hyperlink. Insiders personal 0.19% of the corporate’s inventory.
Visa Profile
Visa Inc operates as a fee know-how firm in the USA and internationally. The corporate operates VisaNet, a transaction processing community that permits authorization, clearing, and settlement of fee transactions. It additionally affords 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 answer; and Visa DPS that gives a variety of value-added companies, together with fraud mitigation, dispute administration, knowledge analytics, marketing campaign administration, a set of digital options, and get in touch with middle companies.
Featured Tales
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