Visa Inc. (NYSE:V) is Richard C. Young & CO. LTD.’s 10th Largest Position

Richard C. Young & CO. LTD. grew its holdings in shares of Visa Inc. (NYSE:VGet Rating) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,198 shares of the credit-card processor’s stock after purchasing an additional 2,348 shares during the period. Visa makes up about 2.4% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 10th biggest holding. Richard C. Young & CO. LTD.’s holdings in Visa were worth $18,451,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Qube Research & Technologies Ltd acquired a new stake in Visa during the 4th quarter worth about $16,496,000. Assenagon Asset Management S.A. grew its position in shares of Visa by 4.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 25,574 shares of the credit-card processor’s stock valued at $5,542,000 after acquiring an additional 1,137 shares during the period. Gryphon Financial Partners LLC grew its position in shares of Visa by 3.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 10,523 shares of the credit-card processor’s stock valued at $2,280,000 after acquiring an additional 377 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $251,000. Finally, Rollins Financial acquired a new stake in shares of Visa during the 4th quarter valued at about $377,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Insider Transactions at Visa

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $195.37, for a total value of $1,758,330.00. Following the completion of the sale, the chief executive officer now directly owns 159,887 shares of the company’s stock, valued at $31,237,123.19. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 27,000 shares of company stock valued at $5,560,740. Insiders own 0.21% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $213.47 on Friday. The company has a fifty day simple moving average of $205.25 and a two-hundred day simple moving average of $210.48. The company has a market cap of $405.87 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 1.68 and a beta of 0.89. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. Visa Inc. has a 52 week low of $185.91 and a 52 week high of $242.60.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 11th. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. Visa’s dividend payout ratio (DPR) is currently 22.12%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on V. Mizuho decreased their price target on shares of Visa from $235.00 to $215.00 and set a “neutral” rating on the stock in a research note on Friday, July 1st. Wells Fargo & Company decreased their price target on shares of Visa from $280.00 to $255.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. Citigroup decreased their price target on shares of Visa from $270.00 to $254.00 in a research note on Tuesday, July 26th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Finally, Cowen decreased their price target on shares of Visa from $276.00 to $254.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Four investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.64.

About Visa

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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.

Further Reading

Institutional Ownership by Quarter for Visa (NYSE:V)

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