Diversified LLC Buys 1,410 Shares of Visa Inc. (NYSE:V)

by · The Cerbat Gem

Diversified LLC lifted its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 37.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,130 shares of the credit-card processor’s stock after acquiring an additional 1,410 shares during the period. Diversified LLC’s holdings in Visa were worth $1,347,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of V. Norges Bank acquired a new stake in shares of Visa during the 4th quarter worth approximately $3,895,015,000. National Bank of Canada FI grew its holdings in Visa by 787.1% during the first quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock valued at $1,296,820,000 after purchasing an additional 4,099,122 shares during the period. Swedbank AB acquired a new position in Visa during the first quarter valued at approximately $511,321,000. GQG Partners LLC grew its holdings in Visa by 40.1% during the first quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock valued at $1,671,866,000 after purchasing an additional 1,715,686 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in Visa by 14,306.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock valued at $390,595,000 after purchasing an additional 1,489,856 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

NYSE:V traded down $0.62 during mid-day trading on Friday, reaching $267.32. 3,696,772 shares of the company’s stock were exchanged, compared to its average volume of 7,178,655. Visa Inc. has a one year low of $227.78 and a one year high of $290.96. The firm has a market capitalization of $488.91 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. The business’s fifty day simple moving average is $265.93 and its two-hundred day simple moving average is $273.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37.

Visa (NYSE:V – Get Free Report) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same period last year, the firm earned $2.16 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on V. Mizuho upped their price target on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Macquarie reissued an “outperform” rating and issued a $300.00 price objective on shares of Visa in a research report on Wednesday, July 24th. Citigroup dropped their price target on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Royal Bank of Canada cut their price target on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $308.50.

Check Out Our Latest Stock Analysis on Visa

Visa Profile

(Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. 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, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; 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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