Peddock Capital Advisors LLC lessened its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 5.3% throughout the third quarter, in response to its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The agency owned 1,378 shares of the credit-card processor’s inventory after promoting 77 shares throughout the interval. Peddock Capital Advisors LLC’s holdings in Visa had been value $379,000 as of its most up-to-date SEC submitting.
A variety of different institutional traders and hedge funds have additionally lately purchased and bought shares of the enterprise. Jessup Wealth Administration Inc raised its stake in Visa by 0.7% throughout the 1st quarter. Jessup Wealth Administration Inc now owns 5,051 shares of the credit-card processor’s inventory valued at $1,410,000 after buying an extra 37 shares within the final quarter. Cordatus Wealth Administration LLC raised its stake in Visa by 0.3% throughout the 1st quarter. Cordatus Wealth Administration LLC now owns 10,793 shares of the credit-card processor’s inventory valued at $3,012,000 after buying an extra 37 shares within the final quarter. Backyard State Funding Advisory Companies LLC raised its stake in Visa by 1.8% throughout the 4th quarter. Backyard State Funding Advisory Companies LLC now owns 2,191 shares of the credit-card processor’s inventory valued at $571,000 after buying an extra 38 shares within the final quarter. Tlwm raised its stake in Visa by 0.7% throughout the 2nd quarter. Tlwm now owns 5,241 shares of the credit-card processor’s inventory valued at $1,376,000 after buying an extra 38 shares within the final quarter. Lastly, Meridian Monetary Companions LLC raised its stake in Visa by 0.5% throughout the 2nd quarter. Meridian Monetary Companions LLC now owns 8,160 shares of the credit-card processor’s inventory valued at $2,196,000 after buying an extra 38 shares within the final quarter. Institutional traders and hedge funds personal 82.15% of the corporate’s inventory.
Insider Exercise at Visa
In different Visa information, CEO Ryan Mcinerney bought 8,620 shares of the agency’s inventory in a transaction that occurred on Tuesday, September third. The inventory was bought at a mean value of $276.37, for a complete worth of $2,382,309.40. Following the completion of the sale, the chief government officer now owns 538 shares within the firm, valued at roughly $148,687.06. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which may be accessed by means of the SEC web site. 0.19% of the inventory is owned by company insiders.
Visa Inventory Up 0.3 %
Shares of V traded up $0.81 throughout buying and selling hours on Wednesday, hitting $275.77. 929,023 shares of the corporate had been exchanged, in comparison with its common quantity of seven,140,427. The corporate has a market cap of $504.37 billion, a PE ratio of 30.72, a PEG ratio of 1.92 and a beta of 0.96. The agency’s 50 day shifting common is $273.48 and its 200-day shifting common is $272.68. Visa Inc. has a 52 week low of $228.03 and a 52 week excessive of $293.07. The corporate has a debt-to-equity ratio of 0.54, a fast ratio of 1.37 and a present ratio of 1.37.
Visa (NYSE:V – Get Free Report) final introduced its 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. Visa had a return on fairness of 51.94% and a web margin of 54.72%. The agency had income of $8.90 billion throughout the quarter, in comparison with the consensus estimate of $8.92 billion. Throughout the identical quarter within the prior yr, the corporate earned $2.16 EPS. The agency’s income for the quarter was up 9.6% in comparison with the identical quarter final yr. On common, equities analysis analysts forecast that Visa Inc. will publish 9.92 EPS for the present fiscal yr.
Visa Proclaims Dividend
The agency additionally lately introduced a quarterly dividend, which was paid on Tuesday, September third. Traders of file on Friday, August ninth had been paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August ninth. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s payout ratio is 23.24%.
Analyst Upgrades and Downgrades
A variety of analysis companies have lately commented on V. Compass Level started protection on Visa in a analysis observe on Wednesday, September 4th. They issued a “purchase” ranking and a $319.00 value goal on the inventory. Citigroup dropped their value goal on Visa from $321.00 to $319.00 and set a “purchase” ranking on the inventory in a analysis observe on Wednesday, July twenty fourth. Jefferies Monetary Group dropped their value goal on Visa from $325.00 to $300.00 and set a “purchase” ranking on the inventory in a analysis observe on Wednesday, July twenty fourth. Macquarie reissued an “outperform” ranking and issued a $300.00 value goal on shares of Visa in a analysis observe on Friday, September twenty seventh. Lastly, BMO Capital Markets boosted their value goal on Visa from $300.00 to $310.00 and gave the inventory an “outperform” ranking in a analysis observe on Thursday, October third. Six analysts have rated the inventory with a maintain ranking, twenty-three have given a purchase ranking and two have assigned a robust purchase ranking to the inventory. In line with information from MarketBeat, the corporate presently has a mean ranking of “Reasonable Purchase” and a mean value goal of $312.04.
Learn Our Newest Evaluation on V
Visa Profile
Visa Inc operates as a cost expertise firm in the USA and internationally. The corporate operates VisaNet, a transaction processing community that allows authorization, clearing, and settlement of cost 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 answer; and Visa DPS that gives a variety of value-added providers, together with fraud mitigation, dispute administration, information analytics, marketing campaign administration, a collection of digital options, and get in touch with middle providers.
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