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First Affirmative Financial Network Has $715,000 Stock Position in Visa Inc. (NYSE:V)

First Affirmative Financial Network Has $715,000 Stock Position in Visa Inc. (NYSE:V) #Affirmative #Financial #Network #Stock #Position #Visa #NYSEV Welcome to Americanah Blog, here is the new story we have for you today:

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First Affirmative Financial Network reduced its position in Visa Inc. (NYSE:VGet Rating) by 10.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,631 shares of the credit-card processor’s stock after selling 405 shares during the period. Visa accounts for approximately 0.8% of First Affirmative Financial Network’s investment portfolio, making the stock its 23rd largest holding. First Affirmative Financial Network’s holdings in Visa were worth $715,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Monumental Financial Group Inc. acquired a new stake in shares of Visa in the 1st quarter valued at $35,000. Rise Advisors LLC acquired a new stake in shares of Visa during the fourth quarter worth $35,000. James Investment Research Inc. grew its stake in shares of Visa by 1,400.0% during the first quarter. James Investment Research Inc. now owns 180 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 168 shares during the period. Rather & Kittrell Inc. acquired a new stake in shares of Visa during the fourth quarter worth $43,000. Finally, Security Financial Services INC. acquired a new stake in shares of Visa during the fourth quarter worth $44,000. 81.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Macquarie decreased their price objective on Visa from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Daiwa Capital Markets lowered Visa from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $230.00 to $225.00 in a report on Tuesday, August 16th. Robert W. Baird reduced their target price on Visa from $290.00 to $265.00 in a report on Wednesday, July 20th. Wolfe Research reduced their target price on Visa from $285.00 to $260.00 in a report on Wednesday, July 20th. Finally, Truist Financial reduced their target price on Visa from $275.00 to $250.00 in a report on Thursday, June 30th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $257.64.

Visa Stock Performance

V opened at $187.02 on Thursday. Visa Inc. has a 52-week low of $185.91 and a 52-week high of $236.96. The firm has a market capitalization of $353.55 billion, a PE ratio of 27.58, a PEG ratio of 1.55 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The business’s 50-day simple moving average is $206.70 and its 200 day simple moving average is $207.03.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.50 annualized dividend and a yield of 0.80%. Visa’s payout ratio is presently 22.12%.

Insider Buying and Selling

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $212.11, for a total transaction of $1,908,990.00. Following the transaction, the chief executive officer now owns 156,887 shares of the company’s stock, valued at $33,277,301.57. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Visa 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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