1 week Ago By ABMN Staff
GAMMA Investing LLC lifted its position in shares of Visa Inc. ( NYSE:V – Free Report ) by 15.2% during the fourth quarter, HoldingsChannel reports.
The firm owned 38,325 shares of the credit-card processor’s stock after purchasing an additional 5,055 shares during the quarter. Visa comprises about 1.0% of GAMMA Investing LLC’s holdings, making the stock its 12th largest holding.
GAMMA Investing LLC’s holdings in Visa were worth $12,112,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also made changes to their positions in V. Peterson Financial Group Inc.
purchased a new stake in Visa during the 3rd quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the third quarter worth approximately $31,000. Fairway Wealth LLC bought a new stake in shares of Visa in the second quarter worth $39,000.
West Financial Advisors LLC raised its holdings in Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares in the last quarter.
Finally, Global Wealth Strategies & Associates boosted its stake in Visa by 79.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 179 shares of the credit-card processor’s stock valued at $49,000 after acquiring an additional 79 shares during the last quarter.
82.15% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In V has been the subject of several research analyst reports.
Monness Crespi & Hardt reissued a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Oppenheimer upped their price objective on Visa from $321.00 to $375.
00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada lifted their target price on Visa from $311.00 to $322.
00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Mizuho upped their price target on Visa from $279.00 to $292.
00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Visa from $335.00 to $360.
00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $328.
41. Visa Stock Down 0.5 % Visa stock opened at $314.
40 on Friday. Visa Inc. has a 52 week low of $252.
70 and a 52 week high of $321.61. The stock has a market cap of $585.
69 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.11 and a beta of 0.
96. The company’s 50-day moving average price is $308.44 and its two-hundred day moving average price is $285.
08. The company has a current ratio of 1.28, a quick ratio of 1.
28 and a debt-to-equity ratio of 0.55. Visa ( NYSE:V – Get Free Report ) last announced its earnings results on Tuesday, October 29th.
The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.
13. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.
49 billion. Visa had a return on equity of 53.16% and a net margin of 54.
96%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year.
During the same quarter in the previous year, the company earned $2.33 earnings per share. On average, analysts expect that Visa Inc.
will post 11.23 EPS for the current fiscal year. Visa Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd.
Stockholders of record on Tuesday, November 12th were issued a $0.59 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.
52. The ex-dividend date was Tuesday, November 12th. This represents a $2.
36 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is 24.
25%. Insider Buying and Selling In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd.
The stock was sold at an average price of $307.97, for a total value of $668,602.87.
Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.
82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . 0.
13% of the stock is owned by corporate insiders. Visa Company 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. Featured Articles 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.
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