LifePro Asset Management trimmed its position in Visa Inc. (NYSE:V) by 53.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,080 shares of the credit-card processor’s stock after selling 2,419 shares during the quarter. LifePro Asset Management’s holdings in Visa were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its position in Visa by 3.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 367,892 shares of the credit-card processor’s stock worth $86,021,000 after acquiring an additional 13,120 shares during the period. Heritage Wealth Advisors increased its holdings in Visa by 66.1% in the 2nd quarter. Heritage Wealth Advisors now owns 50,010 shares of the credit-card processor’s stock valued at $10,939,000 after buying an additional 19,910 shares during the period. WT Wealth Management increased its holdings in Visa by 8.7% in the 2nd quarter. WT Wealth Management now owns 10,950 shares of the credit-card processor’s stock valued at $2,560,000 after buying an additional 879 shares during the period. Janus Henderson Group PLC increased its holdings in Visa by 8.8% in the 1st quarter. Janus Henderson Group PLC now owns 8,673,916 shares of the credit-card processor’s stock valued at $1,837,698,000 after buying an additional 698,028 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd increased its holdings in Visa by 181.2% in the 1st quarter. Central Asset Investments & Management Holdings HK Ltd now owns 6,270 shares of the credit-card processor’s stock valued at $1,327,000 after buying an additional 4,040 shares during the period. 81.04% of the stock is currently owned by institutional investors and hedge funds.
V has been the topic of several analyst reports. Barclays boosted their price target on shares of Visa from $275.00 to $284.00 and gave the company an “overweight” rating in a report on Sunday, June 6th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $249.00 to $267.00 and gave the company an “overweight” rating in a research note on Tuesday, August 17th. Truist Securities boosted their target price on shares of Visa from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Raymond James boosted their target price on shares of Visa from $268.00 to $286.00 and gave the company an “outperform” rating in a research note on Wednesday, July 28th. Finally, Daiwa Capital Markets downgraded shares of Visa from an “outperform” rating to a “neutral” rating and set a $250.00 target price on the stock. in a research note on Thursday, August 12th. One analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $271.52.
Shares of V stock traded down $0.42 on Wednesday, reaching $222.61. The company had a trading volume of 204,992 shares, compared to its average volume of 8,228,104. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.61. The stock has a market cap of $433.64 billion, a PE ratio of 44.90, a PEG ratio of 2.00 and a beta of 0.98. The company has a 50-day moving average of $236.44 and a 200-day moving average of $229.52. Visa Inc. has a 12 month low of $179.23 and a 12 month high of $252.67.
Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 27th. The credit-card processor reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.16. The company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $5.86 billion. Visa had a return on equity of 35.45% and a net margin of 47.97%. Visa’s revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 EPS. Sell-side analysts anticipate that Visa Inc. will post 5.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Friday, August 13th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.57%. Visa’s dividend payout ratio (DPR) is presently 25.40%.
Visa Company Profile
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.
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