Visa logoSouth Texas Money Management Ltd. Raised its holdings in shares of Visa Inc (NYSE: V) by way of 7.Four% within the 4th sector, according to its latest filing with the Securities & Exchange Commission. The institutional investor-owned 2,907 stocks of the credit-card processor’s inventory after obtaining a further 201 shares at some stage in the quarter. South Texas Money Management Ltd.’s holdings in Visa were well worth $384,000 at the quiet of the maximum current reporting length.
Several different institutional investors and hedge funds have also modified their holdings of V. Highwater Wealth Management LLC acquired a brand new stake in Visa during the 4th sector worth $33,000. Ironwood Financial LLC lifted its holdings in Visa through 67.5% for the duration of the 4th region. Ironwood Financial LLC now owns 335 stocks of the credit score-card processor’s stock valued at $ forty-four,000 after shopping a further one hundred thirty-five shares over the last area. Contravisory Investment Management Inc. Lifted its holdings in Visa via a hundred and eighty.9% at some stage in the 4th zone. Contravisory Investment Management Inc. Now owns 396 shares of the credit-card processor’s inventory valued at $52,000 after shopping an additional 255 stocks over the last region. G&S Capital LLC lifted its holdings in Visa by way of 86.0% during the 4th region. G&S Capital LLC now owns 519 shares of the credit-card processor’s inventory valued at $ sixty-eight,000 after shopping a further 240 shares over the last sector. Finally, Financial Advantage Inc. Received a new stake in Visa at some stage in the 4th quarter worth $68,000. 80. Ninety-seven % of the inventory is owned through institutional buyers.
In other information, EVP Lynne Biggar bought 15,000 stocks of the inventory in a transaction on Monday, March 11th. The inventory becomes offered at a mean price of $150.00, for a complete transaction of $2,250,000.00. Following the final touch of the transaction, the executive vice president now owns 22,294 stocks inside the business enterprise, worth about $3,344, one hundred. The transaction changed into disclosed in a filing with the Securities & Exchange Commission, which may be accessed through this hyperlink. Also, EVP William M. Sheedy bought seventy-five,676 shares of the stock in a transaction on Tuesday, April 30th. The inventory turned into sold at an average price of $a hundred sixty-five .24, for a total price of $12,504,702.24. Following the transaction, the govt vice president now owns three hundred,114 shares of the organization’s stock, worth approximately $ forty-nine,590,837.36. The disclosure for this sale may be discovered right here. Insiders sold a total of 269,207 stocks of business enterprise inventory worth $ forty-one,302,652 inside the ultimate ninety days. Corporate insiders very own zero.17% of the organization’s stock.
A number of equities studies analysts have recently weighed in at the corporation. Nomura lifted their target price on Visa from $151.00 to $a hundred seventy-five .00 in a document on Thursday, April 11th. Cantor Fitzgerald reissued a “buy” score and set a $a hundred and sixty.00 goal charge on shares of Visa in a report on Thursday, January 31st. Jefferies Financial Group started insurance on Visa in a file on Monday, January twenty-eighth. They set a “buy” rating and a $a hundred thirty-five .99 goal charge for the corporation. Reaffirmed a “purchase” rating on stocks of Visa in a research notice on Tuesday, February twelfth. Finally, Deutsche Bank boosted its charge target on Visa from $one hundred sixty.00 to $177.00 and gave the employer a “buy” rating in a research note on Thursday, March 21st. One studies analyst has rated the stock with a preserve score and twenty-five have assigned a buy rating to the inventory. Visa presently has a median score of “Buy” and a consensus goal rate of $176.67.
Shares of V inventory opened at $162.04 on Friday. Visa Inc has a one year low of $121.60 and 12 months excessive of $one hundred sixty-five .74. The employer has a current ratio of one. Sixty-two, a brief ratio of 1.50 and a debt-to-equity ratio of 0.58. The company has a marketplace capitalization of $325.28 billion, a P/E ratio of 32.28, a P/E/G ratio of one.83 and a beta of 1.00.
Visa (NYSE: V) last issued its profits outcomes on Wednesday, April twenty-fourth. The credit-card processor mentioned $1.31 earnings according to a percentage for the sector, topping analysts’ consensus estimates of $1.24 with the aid of $zero.07. Visa had a return on fairness of forty. Fifty-six % and an internet margin of fifty-one .34%. The corporation had sales of $5.Forty-nine billion for the quarter, as compared to analyst estimates of $5.46 billion. During the identical length within the prior 12 months, the company earned $1.11 income per share. Visa’s revenue for the region was up 8.3% on a year-over-yr foundation. As a group, sell-facet analysts anticipate that Visa Inc will post 5.38 EPS for the modern-day financial yr.
The company additionally lately disclosed a quarterly dividend, so one can be paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th may be paid a $0.25 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.Sixty two%. Visa’s dividend payout ratio (DPR) is presently 21.69%.