United Asset Methods Inc. boosted its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 28.5% within the 2nd quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The institutional investor owned 14,362 shares of the credit-card processor’s inventory after buying a further 3,181 shares through the interval. United Asset Methods Inc.’s holdings in Visa had been price $3,770,000 on the finish of the latest reporting interval.
Different massive buyers additionally just lately purchased and bought shares of the corporate. Westend Capital Administration LLC bought a brand new stake in Visa through the 1st quarter valued at about $25,000. Livelsberger Monetary Advisory bought a brand new stake in shares of Visa within the 4th quarter valued at roughly $25,000. POM Funding Methods LLC grew 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 shopping for a further 97 shares through the interval. Frank Rimerman Advisors LLC bought a brand new stake in shares of Visa within the 4th quarter valued at roughly $33,000. Lastly, TruNorth Capital Administration LLC grew 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 shopping for a further 89 shares through the interval. Hedge funds and different institutional buyers personal 82.15% of the corporate’s inventory.
Visa Worth Efficiency
Shares of V opened at $276.37 on Tuesday. Visa Inc. has a twelve month low of $227.78 and a twelve month excessive of $290.96. The agency’s fifty day easy transferring common is $265.70 and its 200-day easy transferring common is $273.05. The agency 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 0.96. The corporate has a present ratio of 1.37, a fast ratio of 1.37 and a debt-to-equity ratio of 0.54.
Visa (NYSE:V – Get Free Report) final introduced its quarterly earnings knowledge on Tuesday, July twenty third. The credit-card processor reported $2.42 earnings per share for the quarter, assembly analysts’ consensus estimates of $2.42. Visa had a web margin of 54.72% and a return on fairness of 51.94%. The enterprise had income of $8.90 billion for the quarter, in comparison with analyst estimates of $8.92 billion. Throughout the identical interval final yr, the enterprise earned $2.16 EPS. The corporate’s income was up 9.6% on a year-over-year foundation. Equities analysts forecast that Visa Inc. will submit 9.92 EPS for the present fiscal yr.
Visa Proclaims Dividend
The enterprise additionally just lately introduced a quarterly dividend, which shall be paid on Tuesday, September third. Traders of file on Friday, August ninth shall be given a $0.52 dividend. This represents a $2.08 dividend on an annualized foundation and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, August ninth. Visa’s dividend payout ratio (DPR) is 23.24%.
Wall Avenue Analyst Weigh In
A number of analysts have just lately weighed in on V shares. Financial institution of America reissued a “impartial” ranking and issued a $297.00 worth goal (down beforehand from $305.00) on shares of Visa in a analysis word on Wednesday, July tenth. Piper Sandler dropped their worth goal on shares of Visa from $322.00 to $319.00 and set an “obese” ranking for the corporate in a analysis word on Wednesday, July twenty fourth. StockNews.com raised shares of Visa from a “maintain” ranking to a “purchase” ranking in a analysis word on Friday, August ninth. William Blair upgraded shares of Visa to a “strong-buy” ranking in a report on Tuesday, July twenty third. Lastly, Citigroup decreased their worth goal on shares of Visa from $321.00 to $319.00 and set a “purchase” ranking on the inventory in a report on Wednesday, July twenty fourth. Six analysts have rated the inventory with a maintain ranking, twenty-one have assigned a purchase ranking and one has issued a powerful purchase ranking to the corporate. Based mostly on knowledge from MarketBeat, the corporate presently has a mean ranking of “Average Purchase” and a mean worth goal of $308.50.
View Our Newest Analysis Report on V
About Visa
Visa Inc operates as a fee expertise firm in the USA and internationally. The corporate operates VisaNet, a transaction processing community that allows 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 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 Resolution, a cross-border client funds resolution; and Visa DPS that gives a variety of value-added providers, together with fraud mitigation, dispute administration, knowledge analytics, marketing campaign administration, a collection of digital options, and get in touch with heart providers.
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