Janiczek Wealth Management LLC grew its holdings in Visa Inc. (NYSE:V – Free Report) by 10.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,876 shares of the credit-card processor’s stock after buying an additional 262 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Visa were worth $683,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in V. Moneta Group Investment Advisors LLC raised its position in Visa by 116,608.6% in the 4th 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. Norges Bank bought a new stake in shares of Visa during the fourth quarter worth $3,067,232,000. Morgan Stanley lifted its stake 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 valued at $10,621,287,000 after acquiring an additional 5,864,340 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Visa by 130.4% in the first quarter. Envestnet Asset Management Inc. now owns 7,042,098 shares of the credit-card processor’s stock valued at $680,069,000 after acquiring an additional 3,986,135 shares during the last quarter. Finally, State Street Corp increased its position in Visa by 3.7% in the first quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after purchasing an additional 2,572,159 shares during the period. 81.35% of the stock is owned by institutional investors.
Analysts Set New Price Targets
V has been the topic of several recent research reports. Bank of America raised their target price on shares of Visa from $270.00 to $275.00 in a research note on Tuesday, July 18th. Credit Suisse Group upped their target price on shares of Visa from $265.00 to $275.00 in a research report on Wednesday, July 26th. Oppenheimer restated an “outperform” rating and issued a $248.00 price target on shares of Visa in a research report on Monday, July 24th. Royal Bank of Canada raised their target price on Visa from $265.00 to $290.00 in a report on Wednesday, July 26th. Finally, Barclays upped their price target on Visa from $272.00 to $287.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.77.
Insiders Place Their Bets
In other news, insider Rajat Taneja sold 15,800 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $250.01, for a total transaction of $3,950,158.00. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $58,030,321.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 425 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $240.00, for a total value of $102,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 15,800 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $250.01, for a total value of $3,950,158.00. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $58,030,321.12. The disclosure for this sale can be found here. Insiders have sold 81,550 shares of company stock valued at $19,795,806 in the last 90 days. 0.21% of the stock is currently owned by insiders.
Visa Trading Up 1.5 %
NYSE:V opened at $244.64 on Tuesday. The company has a market cap of $455.48 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 1.81 and a beta of 0.95. Visa Inc. has a twelve month low of $174.60 and a twelve month high of $250.06. The business has a 50 day moving average price of $241.67 and a two-hundred day moving average price of $232.37. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.55.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings results on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.05. Visa had a net margin of 51.94% and a return on equity of 49.42%. The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the business earned $1.98 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts expect that Visa Inc. will post 8.65 EPS for the current fiscal year.
Visa Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were paid a $0.45 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.80 dividend on an annualized basis and a yield of 0.74%. Visa’s dividend payout ratio is 22.84%.
Visa Company 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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