Evanson Asset Management LLC Boosts Holdings in Visa Inc. (NYSE:V)

Evanson Asset Management LLC boosted its stake in Visa Inc. (NYSE:VGet Rating) by 10.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,958 shares of the credit-card processor’s stock after acquiring an additional 379 shares during the period. Evanson Asset Management LLC’s holdings in Visa were worth $779,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of V. Landmark Wealth Management LLC acquired a new position in Visa in the first quarter valued at $32,000. Rise Advisors LLC acquired a new position in Visa in the 4th quarter valued at about $35,000. Monumental Financial Group Inc. purchased a new stake in Visa during the 1st quarter valued at approximately $35,000. James Investment Research Inc. lifted its position in Visa by 1,400.0% during the 1st quarter. James Investment Research Inc. now owns 180 shares of the credit-card processor’s stock worth $40,000 after acquiring an additional 168 shares during the period. Finally, Rather & Kittrell Inc. purchased a new position in shares of Visa in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 81.49% of the company’s stock.

Visa Stock Down 0.7 %

V stock opened at $185.79 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The company’s 50 day simple moving average is $206.30 and its 200-day simple moving average is $206.99. Visa Inc. has a 12 month low of $184.66 and a 12 month high of $236.96. The firm has a market capitalization of $351.22 billion, a PE ratio of 27.40, a P/E/G ratio of 1.51 and a beta of 0.90.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, August 11th. Visa’s dividend payout ratio (DPR) is presently 22.12%.

Insiders Place Their Bets

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $212.11, for a total transaction of $1,908,990.00. Following the completion of the sale, the chief executive officer now owns 156,887 shares in the company, valued at approximately $33,277,301.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wolfe Research cut their price target on Visa from $285.00 to $260.00 in a research note on Wednesday, July 20th. Piper Sandler reduced their target price on shares of Visa from $239.00 to $204.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Barclays increased their price target on shares of Visa from $263.00 to $271.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. Morgan Stanley lifted their price objective on Visa from $284.00 to $291.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Finally, Daiwa Capital Markets downgraded Visa from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $230.00 to $225.00 in a research note on Tuesday, August 16th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $257.64.

Visa Profile

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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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