Visa Inc (V) Holdings Boosted by Paradigm Financial Advisors LLC
Paradigm Financial Advisors LLC raised its stake in Visa Inc (NYSE:V) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,607 shares of the credit-card processor’s stock after purchasing an additional 719 shares during the period. Visa accounts for about 1.2% of Paradigm Financial Advisors LLC’s holdings, making the stock its 28th biggest position. Paradigm Financial Advisors LLC’s holdings in Visa were worth $2,308,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in V. Kimelman & Baird LLC boosted its holdings in shares of Visa by 1.1% in the second quarter. Kimelman & Baird LLC now owns 104,317 shares of the credit-card processor’s stock valued at $9,783,000 after acquiring an additional 1,150 shares during the period. RNC Capital Management LLC boosted its holdings in shares of Visa by 14.1% in the second quarter. RNC Capital Management LLC now owns 5,829 shares of the credit-card processor’s stock valued at $547,000 after acquiring an additional 721 shares during the period. Sentry Investment Management LLC boosted its holdings in shares of Visa by 1.1% in the second quarter. Sentry Investment Management LLC now owns 148,209 shares of the credit-card processor’s stock valued at $13,899,000 after acquiring an additional 1,572 shares during the period. Family Management Corp boosted its holdings in shares of Visa by 98.1% in the second quarter. Family Management Corp now owns 37,073 shares of the credit-card processor’s stock valued at $3,477,000 after acquiring an additional 18,362 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new stake in shares of Visa in the second quarter valued at approximately $215,000. Institutional investors own 81.91% of the company’s stock.
In other news, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the transaction, the director now owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
Several brokerages recently weighed in on V. Jefferies Group reaffirmed a “buy” rating and set a $125.00 price target (up from $112.00) on shares of Visa in a report on Tuesday, October 17th. Robert W. Baird reaffirmed an “outperform” rating and set a $128.00 price target (up from $122.00) on shares of Visa in a report on Monday, October 2nd. Morgan Stanley increased their price target on Visa from $125.00 to $126.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $120.00 price target on shares of Visa in a report on Wednesday, October 25th. Finally, Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $113.35 price target for the company. in a report on Wednesday, October 25th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $117.23.
Visa Inc (NYSE:V) traded up $0.90 during trading on Friday, reaching $113.82. The company’s stock had a trading volume of 16,386,242 shares, compared to its average volume of 8,819,399. Visa Inc has a 12 month low of $77.19 and a 12 month high of $114.37. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $233,929.70, a P/E ratio of 32.45, a P/E/G ratio of 1.65 and a beta of 0.97.
Visa (NYSE:V) last released its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter last year, the company earned $0.78 earnings per share. Visa’s quarterly revenue was up 13.9% compared to the same quarter last year. equities analysts anticipate that Visa Inc will post 4.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were issued a $0.195 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a yield of 0.69%. This is an increase from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is 27.86%.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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