United Capital Financial Advisers LLC Acquires 1,285 Shares of Visa Inc. (NYSE:V)

United Capital Financial Advisers LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 0.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 382,950 shares of the credit-card processor’s stock after acquiring an additional 1,285 shares during the period. United Capital Financial Advisers LLC’s holdings in Visa were worth $89,541,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Cable Hill Partners LLC lifted its stake in shares of Visa by 123.6% during the 2nd quarter. Cable Hill Partners LLC now owns 2,422 shares of the credit-card processor’s stock worth $566,000 after acquiring an additional 1,339 shares during the last quarter. Capital Directions Investment Advisors LLC bought a new stake in shares of Visa during the 2nd quarter worth approximately $898,000. Clear Perspective Advisors LLC lifted its stake in shares of Visa by 0.8% during the 2nd quarter. Clear Perspective Advisors LLC now owns 13,920 shares of the credit-card processor’s stock worth $3,255,000 after acquiring an additional 106 shares during the last quarter. Cherry Creek Investment Advisors Inc. bought a new stake in shares of Visa during the 2nd quarter worth approximately $3,496,000. Finally, Ossiam raised its position in Visa by 64.2% during the 2nd quarter. Ossiam now owns 104,342 shares of the credit-card processor’s stock valued at $25,709,000 after purchasing an additional 40,782 shares in the last quarter. 81.04% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on V. Truist lifted their target price on Visa from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Oppenheimer lifted their target price on Visa from $260.00 to $281.00 and gave the company an “outperform” rating in a research report on Friday, July 9th. Wells Fargo & Company lifted their target price on Visa from $265.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. Morgan Stanley lifted their target price on Visa from $279.00 to $282.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. Finally, Truist Securities lifted their target price on Visa from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. One equities research analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $272.71.

V stock traded up $2.29 on Thursday, hitting $224.75. 200,309 shares of the company’s stock were exchanged, compared to its average volume of 8,111,718. Visa Inc. has a 12-month low of $179.23 and a 12-month high of $252.67. The firm has a 50 day moving average price of $228.88 and a two-hundred day moving average price of $230.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $437.80 billion, a P/E ratio of 45.35, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 27th. The credit-card processor reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.16. Visa had a return on equity of 35.45% and a net margin of 47.97%. The firm had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $5.86 billion. During the same period in the previous year, the business earned $1.07 EPS. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. Sell-side analysts expect that Visa Inc. will post 5.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Friday, August 13th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $1.28 annualized dividend and a yield of 0.57%. Visa’s payout ratio is presently 25.40%.

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $247.21, for a total value of $2,224,890.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tullier Kelly Mahon sold 2,091 shares of the business’s stock in a transaction dated Wednesday, July 28th. The shares were sold at an average price of $248.71, for a total value of $520,052.61. Following the completion of the transaction, the executive vice president now directly owns 32,055 shares of the company’s stock, valued at approximately $7,972,399.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,671 shares of company stock worth $12,623,562. Company insiders own 0.19% of the company’s stock.

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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