Invesco LLC Has $5.61 Million Stake in Visa Inc. $V

Key Points

• Invesco LLC reduced its holdings in Visa Inc. by 6.4%, now owning 15,789 shares valued at approximately $5.61 million, which constitutes 2.1% of its portfolio.
• Visa's stock price opened at $348.21, with a market capitalization of $638.20 billion and a recent earnings report showing an EPS of $2.98, surpassing analysts' expectations.
• The company recently paid a quarterly dividend of $0.59, reflecting an annualized dividend yield of 0.7% and a payout ratio of 23.05%.

Invesco LLC decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,789 shares of the credit-card processor's stock after selling 1,082 shares during the period. Visa comprises 2.1% of Invesco LLC's portfolio, making the stock its 11th largest holding. Invesco LLC's holdings in Visa were worth $5,606,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. SWS Partners boosted its position in Visa by 16.4% during the second quarter. SWS Partners now owns 1,034 shares of the credit-card processor's stock valued at $367,000 after purchasing an additional 146 shares during the last quarter. Archford Capital Strategies LLC boosted its position in Visa by 1.1% during the second quarter. Archford Capital Strategies LLC now owns 46,884 shares of the credit-card processor's stock valued at $16,646,000 after purchasing an additional 496 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in Visa by 6.5% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 22,306 shares of the credit-card processor's stock valued at $7,920,000 after purchasing an additional 1,369 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its position in Visa by 22.6% during the second quarter. Moss Adams Wealth Advisors LLC now owns 5,683 shares of the credit-card processor's stock valued at $2,018,000 after purchasing an additional 1,048 shares during the last quarter. Finally, GC Wealth Management RIA LLC boosted its position in Visa by 315.7% during the second quarter. GC Wealth Management RIA LLC now owns 39,994 shares of the credit-card processor's stock valued at $14,200,000 after purchasing an additional 30,372 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Visa Stock Up 2.0%

Shares of Visa stock opened at $348.21 on Thursday. The stock has a market capitalization of $638.20 billion, a P/E ratio of 34.01, a PEG ratio of 2.27 and a beta of 0.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $344.09 and a two-hundred day moving average price of $346.52. Visa Inc. has a 12-month low of $273.24 and a 12-month high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company's revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.42 earnings per share. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio is currently 23.05%.

Wall Street Analyst Weigh In

V has been the topic of a number of research reports. Barclays restated an "overweight" rating and issued a $408.00 price objective (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. Macquarie increased their price objective on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Truist Financial dropped their price objective on Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Finally, Erste Group Bank downgraded Visa from a "buy" rating to a "hold" rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $385.96.

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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