Spartan Planning & Wealth Administration elevated its stake in shares of Visa Inc. (NYSE:V – Get Score ) by 269,400.0% throughout the fourth quarter, based on the corporate in its most up-to-date disclosure with the SEC. The institutional investor owned 2,695 shares of the bank card processor’s inventory after buying a further 2,694 shares throughout the quarter. Visa makes up 0.7% of Spartan Planning & Wealth Administration’s holdings, making the inventory its twenty second largest place. Spartan Planning & Wealth Administration’s holdings in Visa have been price $560,000 as of its most up-to-date submitting with the SEC.
The golden catalyst we have been ready for (From Stansberry Analysis)
Different hedge funds have additionally not too long ago modified their holdings of the corporate. Bay Colony Advisory Group Inc. dba Bay Colony Advisors raised its holdings in Visa by 3.5% within the 4th quarter. Bay Colony Advisory Group Inc. dba Bay Colony Advisors now owns 6,640 shares of the bank card processor’s inventory valued at $1,380,000 after shopping for a further 225 shares throughout the interval. Embody Wealth Advisors LLC raised its stake in shares of Visa by 11.6% within the 4th quarter. Embody Wealth Advisors LLC now owns 4,284 shares of the bank card processor’s inventory valued at $890,000 after buying a further 446 shares throughout the interval. Reframe Wealth LLC acquired a brand new place in shares of Visa within the 4th quarter valued at roughly $722,000. CapWealth Advisors LLC acquired a brand new place in shares of Visa within the 4th quarter valued at roughly $215,000. Lastly, SlateStone Wealth LLC boosted its holdings in Visa by 1.0% within the 4th quarter. SlateStone Wealth LLC now owns 24,711 shares of the bank card processor’s inventory valued at $5,134,000 after buying a further 237 shares over the past quarter. Hedge funds and different institutional traders personal 81.87% of the corporate’s shares.
Visa Share Profit
Shares of V inventory traded up $3.38 throughout noon buying and selling on Friday, hitting $225.74. 5,088,514 shares of the inventory have been exchanged, in comparison with its common quantity of 6,204,501. The inventory’s fifty day easy transferring common is $223.56 and its 200 day easy transferring common is $209.60. The corporate has a debt ratio of 0.59, a fast ratio of 1.44 and a present ratio of 1.44. Visa Inc. has a 12-month low of $174.60 and a 12-month excessive of $234.30. The inventory has a market cap of $424.62 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.73 and a beta of 0.97.
Visa (NYSE:V – Get Score ) final posted its quarterly earnings outcomes on Thursday, January twenty sixth. The bank card processor reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.17. The agency had income of $7.90 billion for the quarter, in comparison with the consensus estimate of $7.70 billion. Visa had a return on fairness of 49.95% and a internet margin of fifty.28%. The corporate’s quarterly income was up 11.9% in comparison with the identical quarter final yr. In the identical quarter final yr, the corporate posted $1.81 EPS. On common, analysts predict that Visa Inc. will submit 8.43 EPS for the present yr.
Visa will increase dividends
The agency additionally not too long ago declared a quarterly dividend, which was paid on Wednesday, March 1st. Traders of file on Friday, February tenth have been paid a dividend of $0.45 per share. The ex-dividend date for this dividend was Thursday, February ninth. This represents an annualized dividend of $1.80 and a yield of 0.80%. This can be a enhance from Visa’s earlier quarterly dividend of $0.40. Visa’s dividend yield is presently 25.17%.
Insiders place their bets
In different information, Chairman Alfred F. Kelly, Jr. bought 58,000 shares of the corporate’s inventory in a transaction that occurred on Monday, March sixth. The inventory was bought at a mean value of $223.99, for a complete worth of $12,991,420.00. Following the transaction, the chairman now owns 162,354 shares of the corporate’s inventory, valued at $36,365,672.46. The transaction was disclosed in a submitting with the SEC, which is accessible on the SEC’s web site. In different information, Chairman Alfred F. Kelly, Jr. bought 58,000 shares of the corporate’s inventory in a transaction dated Monday, March sixth. The shares have been bought at a mean value of $223.99, for a complete transaction of $12,991,420.00. Following the transaction, the chairman now straight owns 162,354 shares within the firm, valued at $36,365,672.46. The sale was disclosed in a doc filed with the SEC, which is accessible at this hyperlink. Additionally, President Ryan Mcinerney bought 58,197 shares of the inventory in a transaction dated Monday, January ninth. The inventory was bought at a mean value of $62.47, for a complete transaction of $3,635,566.59. The details about this sale might be discovered right here. Within the final three months, insiders have bought 191,312 shares of firm inventory valued at $33,751,165. Insiders personal 0.22% of the corporate’s shares.
Wall Avenue analysts anticipate progress
V has been the topic of a number of analysis analyst stories. Barclays boosted their value goal on Visa from $266.00 to $270.00 and gave the inventory an “obese” score in a analysis report on Sunday, January twenty ninth. JPMorgan Chase & Co. boosted their goal value on Visa from $243.00 to $265.00 and gave the corporate an “obese” score in a analysis report on Friday, January twenty seventh. Jefferies Monetary Group boosted their value goal on shares of Visa from $225.00 to $260.00 and gave the corporate a “purchase” score in a analysis word on Wednesday, January 18th. Truist Monetary boosted their goal value on shares of Visa from $235.00 to $260.00 in a analysis word on Friday, January twentieth. Lastly, Oppenheimer boosted their goal value on shares of Visa from $210.00 to $237.00 and gave the inventory an “outperform” score in a report on Wednesday, January twenty fifth. One funding analyst has rated the inventory with a promote score, two have assigned a maintain score and twenty have issued a purchase score to the corporate’s inventory. Based on knowledge from MarketBeat, the inventory presently has a consensus score of “Average Purchase” and a mean goal value of $259.11.
Visa, Inc. engages within the provision of digital cost companies. It additionally facilitates world commerce by the switch of worth and knowledge between a world community of customers, retailers, monetary establishments, companies, strategic companions and authorities entities. It affords debit playing cards, bank cards, pay as you go merchandise, business cost options and world ATMs.
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