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Gemmer Asset Management LLC Grows Holdings in Visa Inc. (NYSE:V)

by Staff
July 3, 2022
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Visa logoGemmer Asset Management LLC grew its position in shares of Visa Inc. (NYSE:V – Get Rating) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,807 shares of the credit-card processor’s stock after buying an additional 1,251 shares during the quarter. Visa accounts for 1.2% of Gemmer Asset Management LLC’s investment portfolio, making the stock its 24th largest holding. Gemmer Asset Management LLC’s holdings in Visa were worth $9,493,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Outfitter Financial LLC purchased a new position in shares of Visa during the 4th quarter worth approximately $27,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Visa during the 4th quarter worth approximately $32,000. Rise Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth approximately $35,000. Disciplined Investments LLC raised its position in shares of Visa by 500.0% during the 4th quarter. Disciplined Investments LLC now owns 168 shares of the credit-card processor’s stock worth $36,000 after purchasing an additional 140 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. raised its position in shares of Visa by 50.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 168 shares of the credit-card processor’s stock worth $36,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 80.77% of the company’s stock.

Shares of Visa stock opened at $199.18 on Friday. The company has a fifty day moving average price of $203.19 and a 200 day moving average price of $211.78. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. Visa Inc. has a twelve month low of $185.91 and a twelve month high of $252.67. The stock has a market cap of $378.70 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.90.

Visa (NYSE:V – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company earned $1.38 EPS. The firm’s revenue was up 25.5% on a year-over-year basis. Analysts forecast that Visa Inc. will post 7.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th were given a $0.375 dividend. The ex-dividend date was Thursday, May 12th. This represents a $1.50 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is currently 23.58%.

Several research analysts recently issued reports on V shares. The Goldman Sachs Group initiated coverage on Visa in a research report on Tuesday, May 17th. They set a “buy” rating and a $282.00 price objective for the company. Mizuho cut their price target on Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a report on Friday. Credit Suisse Group boosted their price target on Visa from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, April 27th. Piper Sandler downgraded Visa from an “overweight” rating to a “neutral” rating and cut their price target for the company from $283.00 to $239.00 in a report on Friday, April 29th. Finally, Barclays cut their price target on Visa from $265.00 to $260.00 and set an “overweight” rating for the company in a report on Monday, April 4th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $266.24.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $210.38, for a total value of $1,893,420.00. Following the completion of the transaction, the chief executive officer now directly owns 162,887 shares of the company’s stock, valued at approximately $34,268,167.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 27,000 shares of company stock valued at $5,619,330. 0.21% of the stock is currently owned by corporate insiders.

Visa Company Profile (Get Rating)

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.

See Also

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Get Rating).

Institutional Ownership by Quarter for Visa (NYSE:V)



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