Focused Wealth Management Inc raised its holdings in shares of Visa Inc (NYSE:V) by 48.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 524 shares of the credit-card processor’s stock after acquiring an additional 170 shares during the period. Focused Wealth Management Inc’s holdings in Visa were worth $69,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Highwater Wealth Management LLC bought a new stake in Visa during the fourth quarter worth about $33,000. Ironwood Financial llc lifted its stake in Visa by 67.5% during the fourth quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock worth $44,000 after purchasing an additional 135 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in Visa by 180.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 396 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 255 shares during the last quarter. G&S Capital LLC lifted its stake in Visa by 86.0% during the fourth quarter. G&S Capital LLC now owns 519 shares of the credit-card processor’s stock worth $68,000 after purchasing an additional 240 shares during the last quarter. Finally, Financial Advantage Inc. bought a new stake in Visa during the fourth quarter worth about $68,000. Institutional investors and hedge funds own 80.94% of the company’s stock.
Several equities research analysts have issued reports on the company. Oppenheimer lifted their price target on Visa from $162.00 to $176.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Co lifted their price target on Visa from $161.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Nomura lifted their price target on Visa from $151.00 to $175.00 in a research note on Thursday, April 11th. Deutsche Bank lifted their price target on Visa from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Finally, Jefferies Financial Group lifted their price target on Visa from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $169.68.
NYSE V opened at $160.16 on Friday. Visa Inc has a 1-year low of $119.37 and a 1-year high of $161.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $322.06 billion, a PE ratio of 34.74, a P/E/G ratio of 1.83 and a beta of 1.00.
Visa (NYSE:V) last released its earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Visa had a return on equity of 39.32% and a net margin of 50.61%. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the previous year, the company posted $1.08 EPS. Visa’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts forecast that Visa Inc will post 5.32 earnings per share for the current year.
In other Visa news, Vice Chairman Ellen Richey sold 81,005 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tullier Kelly Mahon sold 91,046 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $156.29, for a total value of $14,229,579.34. Following the transaction, the executive vice president now directly owns 120,602 shares of the company’s stock, valued at approximately $18,848,886.58. The disclosure for this sale can be found here. In the last three months, insiders sold 193,531 shares of company stock valued at $28,797,949. 0.17% of the stock is currently owned by corporate insiders.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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