Washington Trust Bank grew its holdings in Visa Inc. (NYSE:V – Free Report) by 1.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,258 shares of the credit-card processor’s stock after buying an additional 37 shares during the quarter. Washington Trust Bank’s holdings in Visa were worth $896,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of V. International Assets Investment Management LLC boosted its holdings in Visa by 45,189.4% during the third quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor’s stock worth $2,683,101,000 after buying an additional 9,736,958 shares in the last quarter. SG Americas Securities LLC increased its position in Visa by 4,412.3% during the third quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor’s stock worth $1,119,725,000 after purchasing an additional 4,166,905 shares during the last quarter. National Bank of Canada FI increased its position in Visa by 787.1% during 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 purchased a new position in Visa during the first quarter worth about $511,321,000. Finally, GQG Partners LLC boosted its stake 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 valued at $1,671,866,000 after purchasing an additional 1,715,686 shares during the period. Institutional investors own 82.15% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’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 transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Visa
Visa Stock Performance
Visa stock opened at $305.76 on Friday. The stock has a market cap of $557.19 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 2.06 and a beta of 0.95. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average of $282.69 and a 200-day moving average of $274.20. Visa Inc. has a 52 week low of $240.97 and a 52 week high of $309.00.
Visa (NYSE:V – Get Free Report) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 EPS. On average, analysts expect that Visa Inc. will post 11.18 EPS for the current fiscal year.
Visa Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is currently 21.38%.
Visa Profile
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.
See Also
- Five stocks we like better than Visa
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Gilead’s Stock Surge: What’s Fueling the Momentum?
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Breakout Alert: Qualcomm Just Hit The Rally Button
- 3 REITs to Buy and Hold for the Long Term
- Mercado Libre Shares Go on Sale: Is Now the Time to Buy?
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.