Visa Inc. (NYSE:V) Shares Acquired by Prudential PLC

Prudential PLC increased its holdings in Visa Inc. (NYSE:VGet Rating) by 43.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,249 shares of the credit-card processor’s stock after acquiring an additional 7,596 shares during the quarter. Prudential PLC’s holdings in Visa were worth $5,472,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in V. Outfitter Financial LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $27,000. Cranbrook Wealth Management LLC grew its holdings in Visa by 236.8% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock worth $29,000 after buying an additional 90 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new position in Visa in the 4th quarter worth approximately $32,000. Disciplined Investments LLC grew its holdings in Visa by 500.0% in the 4th quarter. Disciplined Investments LLC now owns 168 shares of the credit-card processor’s stock worth $36,000 after buying an additional 140 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. grew its holdings in Visa by 50.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 168 shares of the credit-card processor’s stock worth $36,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

V traded down $0.25 during midday trading on Wednesday, reaching $203.75. 141,123 shares of the company’s stock were exchanged, compared to its average volume of 8,382,866. The firm has a market capitalization of $387.39 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Visa Inc. has a one year low of $186.67 and a one year high of $252.67. The business has a 50-day simple moving average of $211.88 and a two-hundred day simple moving average of $212.72.

Visa (NYSE:VGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the company earned $1.38 earnings per share. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, research analysts anticipate that Visa Inc. will post 7.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, May 12th. Visa’s dividend payout ratio is currently 23.58%.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $216.00, for a total value of $1,944,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Ryan Mcinerney sold 6,467 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $223.65, for a total transaction of $1,446,344.55. The disclosure for this sale can be found here. In the last three months, insiders sold 41,047 shares of company stock valued at $9,030,622. 0.21% of the stock is currently owned by company insiders.

A number of equities analysts have issued reports on V shares. Robert W. Baird decreased their price target on Visa from $305.00 to $290.00 in a research note on Friday, January 28th. raised Visa to a “buy” rating in a research note on Wednesday, February 9th. Evercore ISI increased their price objective on Visa from $304.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, April 27th. Piper Sandler downgraded Visa from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $283.00 to $239.00 in a research report on Friday, April 29th. Finally, StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Six research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Buy” and a consensus target price of $265.88.

About Visa (Get Rating)

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.

See Also

Institutional Ownership by Quarter for Visa (NYSE:V)

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