Strategic Wealth Partners Ltd. raised its holdings in Visa Inc. (NYSE:V – Free Report) by 11.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,470 shares of the credit-card processor’s stock after acquiring an additional 1,517 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Visa were worth $3,263,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Morgan Stanley grew its holdings in shares of Visa by 13.0% during the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after purchasing an additional 5,864,340 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Visa by 4.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,100,136 shares of the credit-card processor’s stock worth $10,616,564,000 after purchasing an additional 2,216,275 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Visa by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 32,221,146 shares of the credit-card processor’s stock worth $6,683,673,000 after purchasing an additional 640,839 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after purchasing an additional 24,483,134 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Visa in the fourth quarter worth approximately $3,067,232,000. Institutional investors own 84.92% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on V. Raymond James lifted their price objective on Visa from $281.00 to $282.00 in a research note on Wednesday, April 26th. Citigroup increased their price target on Visa from $270.00 to $273.00 in a report on Wednesday, April 26th. Truist Financial increased their price target on Visa from $260.00 to $270.00 in a report on Wednesday, April 26th. KeyCorp increased their price target on Visa from $250.00 to $260.00 in a report on Monday, April 24th. Finally, 22nd Century Group restated a “maintains” rating on shares of Visa in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $262.52.
Insiders Place Their Bets
Visa Trading Down 1.0 %
Shares of V opened at $236.45 on Friday. The business has a 50-day moving average of $229.08 and a 200 day moving average of $224.94. Visa Inc. has a fifty-two week low of $174.60 and a fifty-two week high of $240.00. The firm has a market cap of $442.95 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 1.81 and a beta of 0.97. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.50 and a current ratio of 1.50.
Visa (NYSE:V – Free Report) last announced its quarterly earnings data on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.12. Visa had a return on equity of 50.21% and a net margin of 50.95%. The company had revenue of $7.99 billion during the quarter, compared to analyst estimates of $7.79 billion. During the same quarter last year, the firm posted $1.79 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 8.59 EPS for the current year.
Visa Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 11th. This represents a $1.80 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio is currently 24.06%.
Visa Profile
Visa Inc operates as a payments technology company worldwide. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; and Visa DPS that provides a range of value added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
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