Visa Inc. (NYSE:V) Shares Acquired by Guardian Capital LP

Guardian Capital LP grew its position in Visa Inc. (NYSE:VGet Rating) by 8.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,300 shares of the credit-card processor’s stock after acquiring an additional 2,000 shares during the quarter. Guardian Capital LP’s holdings in Visa were worth $5,833,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Landmark Wealth Management LLC purchased a new stake in shares of Visa during the first quarter worth approximately $32,000. Rise Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth approximately $35,000. Monumental Financial Group Inc. purchased a new stake in shares of Visa during the first quarter worth approximately $35,000. James Investment Research Inc. raised its stake in shares of Visa by 1,400.0% during the first quarter. James Investment Research Inc. now owns 180 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 168 shares during the last quarter. Finally, Rather & Kittrell Inc. purchased a new stake in shares of Visa during the fourth quarter worth approximately $43,000. 81.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on V. UBS Group increased their price objective on Visa from $292.00 to $296.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Wolfe Research cut their price objective on Visa from $285.00 to $260.00 in a research report on Wednesday, July 20th. The Goldman Sachs Group began coverage on Visa in a research report on Tuesday, May 17th. They issued a “buy” rating and a $282.00 price objective for the company. Mizuho cut their price objective on Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, July 1st. Finally, Royal Bank of Canada cut their price objective on Visa from $278.00 to $262.00 in a research report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.64.

Visa Stock Up 0.7 %

V opened at $206.63 on Tuesday. The business’s fifty day simple moving average is $207.79 and its 200 day simple moving average is $207.79. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. Visa Inc. has a 52 week low of $185.91 and a 52 week high of $236.96. The firm has a market cap of $390.62 billion, a P/E ratio of 30.48, a PEG ratio of 1.66 and a beta of 0.90.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Thursday, August 11th. Visa’s payout ratio is 22.12%.

Insiders Place Their Bets

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $212.11, for a total value of $1,908,990.00. Following the sale, the chief executive officer now directly owns 156,887 shares of the company’s stock, valued at approximately $33,277,301.57. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by corporate insiders.

Visa Company Profile

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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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