Global Financial Private Client LLC sells 62 shares of Visa Inc. (NYSE:V)

Global Financial Private Client LLC reduced its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,007 shares of the credit card processor’s stock after selling 62 shares during the period. Global Financial Private Client LLC’s holdings in Visa were worth $1,577,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Visa by 0.6% in the first quarter. Vanguard Group Inc. now owns 142,202,830 shares of the credit card processor’s stock worth $39,685,966,000 after acquiring an additional 788,908 shares during the last quarter. Capital International Investors boosted its holdings in Visa by 2.7% in the first quarter. Capital International Investors now owns 23,570,391 shares of the credit card processor’s stock worth $6,578,025,000 after purchasing an additional 626,618 shares during the last quarter. Capital World Investors boosted its holdings in Visa by 5.4% in the first quarter. Capital World Investors now owns 18,863,796 shares of the credit card processor’s stock worth $5,264,508,000 after acquiring an additional 968,008 shares in the last quarter. Norges Bank purchased a new position in Visa in the 4th quarter valued at approximately $3,895,015,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Visa by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,524,329 shares of the credit card processor’s stock worth $2,725,079,000 after acquiring an additional 141,566 shares in the last quarter. 82.15% of the shares are currently held by hedge funds and other institutional investors.

Analysts on Wall Street are forecasting an increase

A number of equities analysts recently weighed in on shares of V. Bank of America restated a “neutral” rating and issued a $297.00 price objective (down from $305.00) on shares of Visa in a report from Wednesday, July 10. JPMorgan Chase & Co. boosted their price objective on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Morgan Stanley reduced their price objective on shares of Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Evercore ISI cut 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 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’s stock. Visa presently has an average rating of “Moderate Buy” and a consensus price target of $308.50, according to MarketBeat.com.

See the latest stock analysis on V

Visa transaction up 0.7%

Shares of V stock opened at $276.37 on Friday. Visa Inc. has a 1 year low of $227.78 and a 1 year high of $290.96. The firm has a fifty day moving average price of $265.67 and a 200 day moving average price of $273.12. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37, and a quick ratio of 1.37. The company has a market cap of $505.46 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 1.89 and a beta of 0.95.

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

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be issued a $0.52 dividend. This represents an annualized dividend of $2.08 and a yield of 0.75%. The ex-dividend date is Friday, August 9. Visa’s dividend payout ratio is currently 23.24%.

Visa Company 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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