Vanguard Personalized Indexing Management LLC Buys 12,474 Shares of Visa Inc. (NYSE:V)

Vanguard Personalized Indexing Management LLC raised its stake in shares of Visa Inc. (NYSE:V) by 7.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 172,364 shares of the credit-card processor’s stock after purchasing an additional 12,474 shares during the period. Visa accounts for about 0.8% of Vanguard Personalized Indexing Management LLC’s investment portfolio, making the stock its 12th biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in Visa were worth $44,539,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Hilltop National Bank purchased a new position in shares of Visa in the first quarter valued at about $1,212,000. Absolute Capital Management LLC purchased a new position in shares of Visa in the first quarter valued at about $404,000. SageView Advisory Group LLC lifted its position in shares of Visa by 40.4% in the fourth quarter. SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s stock worth $6,967,000 after buying an additional 7,236 shares in the last quarter. Davidson Capital Management Inc. lifted its position in shares of Visa by 0.5% in the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock worth $2,588,000 after buying an additional 44 shares in the last quarter. Finally, Empirical Finance LLC lifted its position in shares of Visa by 4.4% in the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock worth $12,761,000 after buying an additional 1,914 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.4 %

Shares of NYSE:V opened at $291.61 on Wednesday. Visa Inc. has a 52-week low of $227.78 and a 52-week high of $293.07. The stock has a market cap of $533.34 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The business’s 50 day moving average is $269.30 and its 200 day moving average is $273.27. 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 (NYSE:V) last announced its quarterly earnings data 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. 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 analysts’ expectations of $8.92 billion. During the same quarter in the prior year, the firm earned $2.16 earnings per share. Visa’s revenue was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were paid a $0.52 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.71%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Analyst Ratings Changes

V has been the topic of a number of research analyst reports. TD Cowen decreased their target price on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Macquarie reiterated an “outperform” rating and issued a $300.00 target price on shares of Visa in a research report on Wednesday, July 24th. BNP Paribas raised Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective on the stock in a research note on Tuesday, September 3rd. Finally, Piper Sandler reduced their price objective on Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.22.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.19% of the stock is owned by insiders.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables 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 consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.