Park Nationwide Corp OH lower its stake in Visa Inc. (NYSE:V – Free Report) by 6.5% within the third quarter, Holdings Channel.com stories. The agency owned 121,277 shares of the credit-card processor’s inventory after promoting 8,489 shares throughout the quarter. Visa makes up about 1.2% of Park Nationwide Corp OH’s portfolio, making the inventory its twenty sixth largest place. Park Nationwide Corp OH’s holdings in Visa had been value $33,345,000 on the finish of the latest quarter.
A variety of different hedge funds and different institutional traders additionally just lately made modifications to their positions within the inventory. Livelsberger Monetary Advisory purchased a brand new place in Visa within the 4th quarter valued at $25,000. Westend Capital Administration LLC purchased a brand new place in shares of Visa within the first quarter value $25,000. POM Funding Methods LLC raised its place in shares of Visa by 970.0% within the second quarter. POM Funding Methods LLC now owns 107 shares of the credit-card processor’s inventory value $28,000 after shopping for a further 97 shares within the final quarter. Frank Rimerman Advisors LLC purchased a brand new stake in Visa throughout the fourth quarter valued at $33,000. Lastly, TruNorth Capital Administration LLC grew its place in Visa by 211.9% throughout the second quarter. TruNorth Capital Administration LLC now owns 131 shares of the credit-card processor’s inventory value $34,000 after shopping for a further 89 shares within the final quarter. 82.15% of the inventory is presently owned by institutional traders.
Wall Avenue Analyst Weigh In
A variety of analysts have just lately issued stories on the corporate. Morgan Stanley reiterated an “obese” ranking and set a $322.00 value goal on shares of Visa in a analysis report on Wednesday, September twenty fifth. Compass Level started protection on shares of Visa in a analysis report on Wednesday, September 4th. They set a “purchase” ranking and a $319.00 goal value for the corporate. Keefe, Bruyette & Woods raised shares of Visa from a “reasonable purchase” ranking to a “strong-buy” ranking in a report on Tuesday, September twenty fourth. TD Cowen lowered their value goal on shares of Visa from $320.00 to $318.00 and set a “purchase” ranking on the inventory in a analysis report on Wednesday, July twenty fourth. Lastly, JPMorgan Chase & Co. upped their goal value on shares of Visa from $290.00 to $320.00 and gave the inventory an “obese” ranking in a analysis report on Tuesday, August twentieth. Six equities analysis analysts have rated the inventory with a maintain ranking, twenty-three have issued a purchase ranking and two have given a powerful purchase ranking to the inventory. Based mostly on information from MarketBeat.com, the corporate presently has a mean ranking of “Reasonable Purchase” and a consensus goal value of $310.93.
View Our Newest Evaluation on Visa
Visa Worth Efficiency
Shares of Visa inventory opened at $277.01 on Thursday. The corporate’s fifty day easy shifting common is $272.17 and its two-hundred day easy shifting common is $273.10. Visa Inc. has a 12-month low of $227.78 and a 12-month excessive of $293.07. The agency has a market cap of $506.63 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 1.94 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 (NYSE:V – Get Free Report) final posted 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. The corporate 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%. Visa’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. As a gaggle, equities analysts count on that Visa Inc. will submit 9.92 EPS for the present 12 months.
Visa Dividend Announcement
The agency additionally just lately introduced a quarterly dividend, which was paid on Tuesday, September third. Buyers of file on Friday, August ninth had been issued a dividend of $0.52 per share. The ex-dividend date was Friday, August ninth. This represents a $2.08 dividend on an annualized foundation and a dividend yield of 0.75%. Visa’s dividend payout ratio is presently 23.24%.
Insider Shopping for and Promoting
In different information, CEO Ryan Mcinerney offered 8,620 shares of Visa inventory in a transaction dated Tuesday, September third. The shares had been offered at a mean value of $276.37, for a complete transaction of $2,382,309.40. Following the sale, the chief govt officer now owns 538 shares of the corporate’s inventory, valued at roughly $148,687.06. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is out there at the SEC web site. 0.19% of the inventory is presently owned by insiders.
About Visa
Visa Inc operates as a fee expertise firm in america and internationally. The corporate operates VisaNet, a transaction processing community that permits authorization, clearing, and settlement of fee transactions. It additionally presents credit score, debit, and pay as you go card merchandise; faucet to pay, tokenization, and click on to pay providers; 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 providers, together with fraud mitigation, dispute administration, information analytics, marketing campaign administration, a set of digital options, and speak to middle providers.
Featured Tales
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