12 hours Ago By Defense World Staff
Kentucky Retirement Systems decreased its holdings in shares of Visa Inc. ( NYSE:V – Free Report ) by 1.2% during the second quarter, according to the company in its most recent disclosure with the SEC.
The fund owned 118,622 shares of the credit-card processor’s stock after selling 1,489 shares during the quarter. Visa accounts for about 0.9% of Kentucky Retirement Systems’ investment portfolio, making the stock its 15th biggest position.
Kentucky Retirement Systems’ holdings in Visa were worth $31,135,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hilltop National Bank purchased a new position in shares of Visa during the first quarter worth approximately $1,212,000.
Absolute Capital Management LLC bought a new position in Visa in the first quarter worth approximately $404,000. SageView Advisory Group LLC lifted its holdings in Visa by 40.4% during the fourth quarter.
SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s stock worth $6,967,000 after buying an additional 7,236 shares during the period. Davidson Capital Management Inc. boosted its position in Visa by 0.
5% during the 1st quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock valued at $2,588,000 after acquiring an additional 44 shares in the last quarter.
Finally, Empirical Finance LLC increased its holdings in shares of Visa by 4.4% in the 1st quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock valued at $12,761,000 after acquiring an additional 1,914 shares during the period.
82.15% of the stock is currently owned by hedge funds and other institutional investors. Visa Stock Down 1.
1 % Visa stock opened at $288.46 on Thursday. The business’s 50-day moving average price is $269.
81 and its 200 day moving average price is $273.38. The company has a quick ratio of 1.
37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.
The firm has a market cap of $525.66 billion, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 2.
05 and a beta of 0.96. Visa Inc.
has a 52 week low of $227.78 and a 52 week high of $293.07.
Visa Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were given a dividend of $0.52 per share.
The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.
72%. Visa’s dividend payout ratio is presently 23.24%.
Analyst Upgrades and Downgrades V has been the topic of a number of recent research reports. Citigroup dropped their price objective on Visa from $321.00 to $319.
00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th.
TD Cowen decreased their target price on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th.
Macquarie restated an “outperform” rating and issued a $300.00 target price on shares of Visa in a research note on Wednesday, July 24th. Finally, BNP Paribas raised Visa from a “neutral” rating to an “outperform” rating and set a $325.
00 price target on the stock in a research report on Tuesday, September 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.
22. Read Our Latest Research Report on Visa Insider Buying and Selling at Visa In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.
37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.
06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . 0.
19% of the stock is owned by corporate insiders. About Visa ( Free Report ) Visa Inc operates as a payment technology company in the United States and internationally. 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, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; 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. Read More Five stocks we like better than Visa How to Calculate Options Profits How Much Can You Make in Stocks in One Month? What Are Dividend Champions? How to Invest in the Champions This Is the Top Large-Cap Stock Insiders Are Buying The 3 Best Blue-Chip Stocks to Buy Now Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter .
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