St. Johns Investment Management Company LLC has $1.44M stock position in Visa Inc. (NYSE:V)

VaselineAugust 29, 2024

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St. Johns Investment Management Company LLC raised its stake in shares of Visa Inc. (NYSE:V – Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,502 shares of the credit card processor’s stock after purchasing an additional 127 shares during the quarter. Holdings of St. Johns Investment Management Company LLC’s holdings in Visa were worth $1,444,000 as of its most recent SEC filing.

Other institutional investors have added to or reduced their stakes in the company. Norges Bank acquired a new stake in Visa in the 4th quarter valued at $3,895,015,000. National Bank of Canada FI grew its holdings in shares of Visa by 787.1% in the first quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit card processor’s stock worth $1,296,820,000 after purchasing an additional 4,099,122 shares during the last quarter. Swedbank AB bought a new position in shares of Visa in the first quarter valued at about $511,321,000. GQG Partners LLC raised its position in Visa by 40.1% in 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 last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of 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 worth $390,595,000 after buying an additional 1,489,856 shares during the last quarter. 82.15% of shares are owned by institutional investors and hedge funds.

Visa stock performance

V opened at $268.22 on Tuesday. The company has a market cap of $490.56 billion, a price-to-earnings ratio of 29.97, a P/E/G ratio of 1.89 and a beta of 0.95. The company’s 50-day moving average price is $265.87, and its two-hundred-day moving average price is $273.18. Visa Inc. has a 1 year low of $227.78 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37, and a quick ratio of 1.37.

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Visa (NYSE:V – Get Your Free Report ) last announced its earnings results on Tuesday, July 23rd. The credit card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. In the same quarter last year, the firm earned $2.16 EPS. Visa’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts expect that Visa Inc. to record 9.91 EPS for the current fiscal year.

Visa announces dividends

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

Changes in Analyst Ratings

Several research firms have issued reports on V. Citigroup cut their price objective on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a report on Wednesday. July 24th. Morgan Stanley cut their price target on shares of Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Macquarie reissued an “outperform” rating and set a $300.00 target price on shares of Visa in a research note on Wednesday, July 24th. Piper Sandler reduced their price objective on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Finally, Evercore ISI decreased their price target on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $308.50, based on data from MarketBeat.

Read our latest research report on V

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 the 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 payment solution for consumers; and Visa DPS, which offers a range of value-added services including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions and contact center services.