Centaurus Financial Inc. lifted its stake in Visa Inc (NYSE:V) by 50.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,939 shares of the credit-card processor’s stock after buying an additional 6,714 shares during the quarter. Centaurus Financial Inc.’s holdings in Visa were worth $2,641,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fort L.P. purchased a new stake in shares of Visa during the second quarter worth about $120,000. Cascade Investment Advisors Inc. purchased a new stake in shares of Visa during the second quarter worth about $132,000. Bridgeworth LLC purchased a new stake in shares of Visa during the second quarter worth about $143,000. Ruggie Capital Group purchased a new stake in shares of Visa during the second quarter worth about $164,000. Finally, Signature Estate & Investment Advisors LLC grew its position in shares of Visa by 36.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after purchasing an additional 365 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on V shares. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research report on Tuesday, September 25th. Morgan Stanley increased their target price on Visa from $142.00 to $165.00 and gave the stock a “$140.13” rating in a research report on Thursday, July 19th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $166.00 target price on shares of Visa in a research report on Thursday, October 25th. Royal Bank of Canada increased their target price on Visa to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. Finally, Raymond James reiterated an “outperform” rating and set a $165.00 target price on shares of Visa in a research report on Tuesday, July 24th. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $155.47.
NYSE V opened at $143.93 on Friday. The company has a market cap of $286.40 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.69. Visa Inc has a 1-year low of $106.60 and a 1-year high of $151.56.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Visa had a return on equity of 38.00% and a net margin of 49.98%. As a group, research analysts forecast that Visa Inc will post 5.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be issued a $0.25 dividend. This is a boost from Visa’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s payout ratio is 18.22%.
In other news, EVP William M. Sheedy sold 99,636 shares of Visa stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $139.28, for a total value of $13,877,302.08. Following the completion of the transaction, the executive vice president now owns 296,925 shares in the company, valued at approximately $41,355,714. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.
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Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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