2 weeks Ago By ABMN Staff
Copperwynd Financial LLC boosted its stake in shares of Visa Inc. ( NYSE:V – Free Report ) by 14.7% during the second quarter, HoldingsChannel.
com reports. The firm owned 4,730 shares of the credit-card processor’s stock after acquiring an additional 605 shares during the period. Copperwynd Financial LLC’s holdings in Visa were worth $1,257,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in V. Jessup Wealth Management Inc boosted its holdings in Visa by 0.7% during the first quarter.
Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock valued at $1,410,000 after purchasing an additional 37 shares in the last quarter. Cordatus Wealth Management LLC grew its position in Visa by 0.3% in the first quarter.
Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock valued at $3,012,000 after acquiring an additional 37 shares during the period. Garden State Investment Advisory Services LLC raised its stake in Visa by 1.8% during the fourth quarter.
Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock worth $571,000 after acquiring an additional 38 shares in the last quarter. Tlwm lifted its holdings in shares of Visa by 0.7% during the second quarter.
Tlwm now owns 5,241 shares of the credit-card processor’s stock valued at $1,376,000 after acquiring an additional 38 shares during the period. Finally, Meridian Financial Partners LLC boosted its stake in shares of Visa by 0.5% in the 2nd quarter.
Meridian Financial Partners LLC now owns 8,160 shares of the credit-card processor’s stock valued at $2,196,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
Visa Price Performance NYSE V opened at $275.17 on Friday. The company has a debt-to-equity ratio of 0.
54, a quick ratio of 1.37 and a current ratio of 1.37.
Visa Inc. has a 52-week low of $227.78 and a 52-week high of $293.
07. The business has a 50 day simple moving average of $271.31 and a 200 day simple moving average of $273.
27. The stock has a market cap of $503.27 billion, a price-to-earnings ratio of 30.
75, a PEG ratio of 1.92 and a beta of 0.96.
Visa Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were given a $0.52 dividend.
This represents a $2.08 dividend on an annualized basis and a yield of 0.76%.
The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio is presently 23.24%.
Analyst Ratings Changes A number of equities research analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of Visa from $322.00 to $319.
00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $317.00 target price on shares of Visa in a research note on Thursday, September 12th.
Morgan Stanley restated an “overweight” rating and set a $322.00 price target on shares of Visa in a research report on Wednesday. Macquarie reiterated an “outperform” rating and issued a $300.
00 price objective on shares of Visa in a research report on Friday. Finally, Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $310.22.
Read Our Latest Analysis on Visa Insider Activity at Visa In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . 0.19% of the stock is owned by insiders.
Visa Profile ( 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.
See Also Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. ( NYSE:V – Free Report ).
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