First Command Advisory Services Inc. owns $1.61M in Visa Inc. (NYSE:V)

First Command Advisory Services Inc. reduced its stake in Visa Inc. (NYSE:V – Free Report) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,116 shares of the credit card processor’s stock after selling 587 shares during the quarter. Holdings of First Command Advisory Services Inc. in Visa were worth $1,605,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Visa in the 4th quarter valued at $3,895,015,000. National Bank of Canada FI boosted 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 in the last quarter. Swedbank AB purchased a new stake in Visa in the first quarter worth about $511,321,000. GQG Partners LLC boosted its holdings in shares of Visa by 40.1% in the first quarter. GQG Partners LLC now owns 5,990,634 shares of the credit card processor’s stock worth $1,671,866,000 after acquiring an additional 1,715,686 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of Visa by 14,306.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the processor’s stock of Credit Cards valued at $390,595,000 after buying an additional 1,489,856 shares during the period. 82.15% of shares are owned by institutional investors.

Changes in Analyst Ratings

V has been the subject of several recent research reports. Piper Sandler cut their price target 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. TD Cowen cut their price objective on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Royal Bank of Canada decreased their price objective on Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Macquarie reiterated an “outperform” rating and issued a $300.00 price target on shares of Visa in a research note on Wednesday, July 24th. Six investment 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $308.50.

See our latest research report on V

Visa transaction up 0.3%

NYSE 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 has a 50-day moving average price of $265.87 and a 200-day moving average price of $273.18. The company has a quick ratio of 1.37, a current ratio of 1.37, and a debt-to-equity ratio of 0.54. Visa Inc. it has a 52-week low of $227.78 and a 52-week high of $290.96.

Visa (NYSE:V – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, July 23rd. The credit card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s revenue was up 9.6% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $2.16 per share. As a group, equities analysts expect Visa Inc. to post 9.91 earnings per share for the current fiscal year.

Visa announces dividends

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

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.

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