Aljian Capital Management LLC Sells 217 Shares of Visa Inc. (NYSE:V)

Aljian Capital Management LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 1.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 15,630 shares of the credit-card processor’s stock after selling 217 shares during the quarter. Visa accounts for 1.4% of Aljian Capital Management LLC’s holdings, making the stock its 13th largest position. Aljian Capital Management LLC’s holdings in Visa were worth $4,102,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of V. Norges Bank bought a new position in Visa during the fourth quarter valued at $3,895,015,000. National Bank of Canada FI boosted its holdings in shares of Visa by 787.1% in the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock worth $1,296,820,000 after purchasing an additional 4,099,122 shares during the period. Swedbank AB bought a new position in shares of Visa during the 1st quarter valued at approximately $511,321,000. GQG Partners LLC raised its holdings in Visa by 40.1% during the 1st quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock valued at $1,671,866,000 after buying an additional 1,715,686 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in Visa by 14,306.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock worth $390,595,000 after buying an additional 1,489,856 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on V. Mizuho lifted their price target on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Royal Bank of Canada dropped their target price on Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Macquarie reiterated an “outperform” rating and issued a $300.00 price target on shares of Visa in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Piper Sandler decreased their target price on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $308.50.

Visa Stock Down 0.2 %

Shares of V stock opened at $267.44 on Monday. The stock has a market cap of $489.13 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.89 and a beta of 0.95. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $290.96. The stock has a 50 day moving average of $265.93 and a 200 day moving average of $273.23. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting analysts’ consensus estimates of $2.42. The business had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.16 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 9.91 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio is presently 23.24%.

About Visa

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.