Marcum Wealth LLC boosted its position in shares of Visa Inc. (NYSE:V – Free Report) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,458 shares of the credit-card processor’s stock after acquiring an additional 356 shares during the quarter. Marcum Wealth LLC’s holdings in Visa were worth $2,875,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new stake in shares of Visa during the 4th quarter worth about $25,000. Westend Capital Management LLC acquired a new position in shares of Visa in the first quarter valued at about $25,000. POM Investment Strategies LLC increased its position in Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 97 shares during the period. TruNorth Capital Management LLC raised its position in shares of Visa by 211.9% in the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares in the last quarter. Finally, Bbjs Financial Advisors LLC acquired a new stake in Visa during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.
Insiders Place Their Bets
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Read Our Latest Report on Visa
Visa Stock Performance
NYSE:V opened at $276.96 on Thursday. The company has a market capitalization of $506.54 billion, a PE ratio of 30.95, a P/E/G ratio of 1.92 and a beta of 0.96. Visa Inc. has a fifty-two week low of $228.03 and a fifty-two week high of $293.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50 day simple moving average of $273.48 and a two-hundred day simple moving average of $272.68.
Visa (NYSE:V – Get Free Report) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.42. The business had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.16 earnings per share. Research analysts anticipate that Visa Inc. will post 9.92 earnings per share for the current year.
Visa Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio is currently 23.24%.
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.
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