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Allworth Financial LP Has $38.97 Million Stake in Visa Inc. (NYSE:V)

Visa logo with Business Services background

Allworth Financial LP raised its position in Visa Inc. (NYSE:V - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,092 shares of the credit-card processor's stock after purchasing an additional 1,505 shares during the quarter. Allworth Financial LP's holdings in Visa were worth $38,973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the first quarter valued at about $27,000. Sellwood Investment Partners LLC acquired a new stake in shares of Visa in the fourth quarter valued at about $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Visa in the fourth quarter valued at about $47,000. Measured Risk Portfolios Inc. bought a new position in Visa during the fourth quarter worth about $47,000. Finally, O Brien Wealth Partners LLC bought a new position in Visa during the first quarter worth about $54,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Down 2.3%

Shares of V stock opened at $347.71 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a market cap of $641.58 billion, a P/E ratio of 34.95, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92. The stock has a 50 day simple moving average of $356.93 and a 200 day simple moving average of $342.56. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.51 earnings per share. On average, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is currently 23.72%.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,108 shares of company stock worth $36,771,200. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

V has been the subject of a number of research analyst reports. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Oppenheimer lifted their price target on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group initiated coverage on Visa in a report on Monday, June 2nd. They set a "neutral" rating for the company. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Finally, Macquarie reduced their price target on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $372.84.

View Our Latest Stock Report on V

Visa Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Visa (NYSE:V)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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