Allspring International Investments Holdings LLC minimize its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 13.8% throughout the third quarter, in keeping with the corporate in its most up-to-date submitting with the Securities & Trade Fee. The institutional investor owned 1,136,102 shares of the credit-card processor’s inventory after promoting 181,178 shares throughout the quarter. Allspring International Investments Holdings LLC owned 0.06% of Visa price $312,372,000 as of its most up-to-date SEC submitting.
Various different hedge funds additionally not too long ago added to or diminished their stakes within the enterprise. Hilltop Nationwide Financial institution bought a brand new stake in shares of Visa within the first quarter valued at about $1,212,000. Absolute Capital Administration LLC acquired a brand new stake in shares of Visa within the first quarter valued at about $404,000. Davidson Capital Administration Inc. lifted its stake in shares of Visa by 0.5% within the first quarter. Davidson Capital Administration Inc. now owns 9,275 shares of the credit-card processor’s inventory valued at $2,588,000 after buying an extra 44 shares throughout the interval. Empirical Finance LLC lifted its stake in shares of Visa by 4.4% within the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s inventory valued at $12,761,000 after buying an extra 1,914 shares throughout the interval. Lastly, Arjuna Capital lifted its stake in shares of Visa by 0.8% within the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s inventory valued at $3,111,000 after buying an extra 96 shares throughout the interval. 82.15% of the inventory is at the moment owned by institutional buyers and hedge funds.
Insider Exercise
In different information, CEO Ryan Mcinerney offered 8,620 shares of the corporate’s inventory in a transaction on Tuesday, September third. The inventory was offered at a median worth 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 $148,687.06. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which is obtainable by this hyperlink. Insiders personal 0.19% of the corporate’s inventory.
Wall Road Analysts Forecast Development
A number of analysts not too long ago commented on V shares. Compass Level began protection on shares of Visa in a analysis be aware on Wednesday, September 4th. They issued a “purchase” ranking and a $319.00 worth goal for the corporate. Jefferies Monetary Group minimize their goal worth on shares of Visa from $325.00 to $300.00 and set a “purchase” ranking for the corporate in a analysis report on Wednesday, July twenty fourth. Financial institution of America lifted their goal worth on shares of Visa from $279.00 to $308.00 and gave the inventory a “impartial” ranking in a analysis report on Tuesday, September seventeenth. Evercore ISI minimize their goal worth on shares of Visa from $335.00 to $330.00 and set an “outperform” ranking for the corporate in a analysis report on Tuesday, June twenty fifth. Lastly, StockNews.com upgraded shares of Visa from a “maintain” ranking to a “purchase” ranking in a report on Friday, August ninth. 4 funding 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 corporate’s inventory. Based on MarketBeat.com, the corporate at the moment has a median ranking of “Reasonable Purchase” and a median worth goal of $314.19.
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Visa Value Efficiency
Shares of NYSE V opened at $290.62 on Monday. Visa Inc. has a twelve month low of $228.03 and a twelve month excessive of $293.07. The corporate has a present ratio of 1.37, a fast ratio of 1.37 and a debt-to-equity ratio of 0.54. The corporate has a market capitalization of $531.53 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of two.00 and a beta of 0.96. The enterprise has a 50 day easy shifting common of $276.91 and a 200-day easy shifting common of $272.88.
Visa (NYSE:V – Get Free Report) final issued its quarterly earnings information on Tuesday, July twenty third. The credit-card processor reported $2.42 EPS for the quarter, hitting analysts’ consensus estimates of $2.42. The agency had income of $8.90 billion throughout the quarter, in comparison with the consensus estimate of $8.92 billion. Visa had a return on fairness of 51.94% and a web margin of 54.72%. The agency’s income was up 9.6% on a year-over-year foundation. Throughout the identical interval within the prior yr, the enterprise earned $2.16 EPS. As a gaggle, equities analysis analysts anticipate that Visa Inc. will submit 9.92 earnings per share for the present yr.
Visa Proclaims Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Tuesday, September third. Stockholders of document on Friday, August ninth have been issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, August ninth. This represents a $2.08 annualized dividend and a dividend yield of 0.72%. Visa’s dividend payout ratio (DPR) is 23.24%.
Visa Firm Profile
Visa Inc operates as a cost know-how firm in the USA 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 shopper funds resolution; and Visa DPS that gives a spread of value-added companies, together with fraud mitigation, dispute administration, information analytics, marketing campaign administration, a set of digital options, and call heart companies.
See Additionally
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