West Family Investments Inc. Purchases 5,260 Shares of Visa Inc. (NYSE:V)

West Family Investments Inc. raised its position in shares of Visa Inc. (NYSE:VGet Rating) by 323.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,884 shares of the credit-card processor’s stock after purchasing an additional 5,260 shares during the period. West Family Investments Inc.’s holdings in Visa were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cross Staff Investments Inc grew its stake in Visa by 0.7% in the 1st quarter. Cross Staff Investments Inc now owns 6,801 shares of the credit-card processor’s stock worth $1,508,000 after acquiring an additional 47 shares in the last quarter. Physicians Financial Services Inc. grew its stake in Visa by 0.3% in the 1st quarter. Physicians Financial Services Inc. now owns 19,388 shares of the credit-card processor’s stock worth $4,300,000 after acquiring an additional 49 shares in the last quarter. Fort Sheridan Advisors LLC boosted its stake in shares of Visa by 0.3% during the fourth quarter. Fort Sheridan Advisors LLC now owns 17,250 shares of the credit-card processor’s stock valued at $3,738,000 after purchasing an additional 50 shares in the last quarter. Westhampton Capital LLC boosted its stake in shares of Visa by 3.4% during the first quarter. Westhampton Capital LLC now owns 1,510 shares of the credit-card processor’s stock valued at $335,000 after purchasing an additional 50 shares in the last quarter. Finally, Alhambra Investment Partners LLC boosted its stake in shares of Visa by 1.0% during the first quarter. Alhambra Investment Partners LLC now owns 5,273 shares of the credit-card processor’s stock valued at $1,169,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 81.49% of the company’s stock.

Visa Trading Up 0.1 %

Shares of Visa stock opened at $200.71 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 firm has a fifty day moving average price of $207.67 and a 200 day moving average price of $208.02. Visa Inc. has a 1 year low of $185.91 and a 1 year high of $236.96. The stock has a market cap of $379.43 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.62 and a beta of 0.90.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were given a $0.375 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.50 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is 22.12%.

Insider Activity

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $195.37, for a total transaction of $1,758,330.00. Following the transaction, the chief executive officer now directly owns 159,887 shares in the company, valued at $31,237,123.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on V shares. Citigroup dropped their price objective on shares of Visa from $270.00 to $254.00 in a research note on Tuesday, July 26th. Wells Fargo & Company lowered their target price on shares of Visa from $280.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, July 13th. Wolfe Research lowered their target price on shares of Visa from $285.00 to $260.00 in a research note on Wednesday, July 20th. Piper Sandler lowered 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. Finally, Mizuho lowered their target price on shares of Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a research note on Friday, July 1st. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $257.64.

Visa Company 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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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