Central Bank & Trust Co. lessened its stake in Visa Inc (NYSE:V) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,927 shares of the credit-card processor’s stock after selling 12,774 shares during the period. Visa accounts for approximately 2.0% of Central Bank & Trust Co.’s investment portfolio, making the stock its 9th largest holding. Central Bank & Trust Co.’s holdings in Visa were worth $8,201,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Janus Henderson Group PLC boosted its holdings in Visa by 159.7% in the second quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock worth $909,979,000 after acquiring an additional 5,966,991 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Visa by 2.1% in the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after acquiring an additional 2,628,148 shares in the last quarter. Capital Research Global Investors boosted its holdings in Visa by 20.3% in the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after acquiring an additional 1,919,732 shares in the last quarter. Temasek Holdings Private Ltd boosted its holdings in Visa by 116.3% in the third quarter. Temasek Holdings Private Ltd now owns 3,292,775 shares of the credit-card processor’s stock worth $346,532,000 after acquiring an additional 1,770,488 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Visa by 9.3% in the third quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock worth $2,019,358,000 after acquiring an additional 1,624,700 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.
A number of research firms recently commented on V. Vetr raised Visa from a “buy” rating to a “strong-buy” rating and set a $135.40 target price for the company in a report on Thursday, March 1st. BMO Capital Markets reaffirmed a “positive” rating and set a $148.00 target price on shares of Visa in a report on Monday, February 5th. Mizuho reaffirmed a “buy” rating and set a $136.00 target price on shares of Visa in a report on Friday, February 2nd. Guggenheim reaffirmed a “buy” rating and set a $136.00 target price on shares of Visa in a report on Friday, February 2nd. Finally, Loop Capital lifted their target price on Visa to $142.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $134.14.
Shares of Visa Inc (NYSE V) opened at $124.24 on Tuesday. The company has a market capitalization of $280,400.00, a P/E ratio of 48.72, a PEG ratio of 1.65 and a beta of 1.00. Visa Inc has a 12-month low of $87.85 and a 12-month high of $126.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Visa had a return on equity of 32.97% and a net margin of 38.12%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. sell-side analysts anticipate that Visa Inc will post 4.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from Visa’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s payout ratio is 32.94%.
Visa announced that its board has approved a share buyback plan on Thursday, February 1st that allows the company to repurchase $7.50 billion in shares. This repurchase authorization allows the credit-card processor to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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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