Visa Inc (NYSE:V) Shares Bought by Hartford Financial Management Inc.

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Hartford Financial Management Inc. raised its holdings in Visa Inc (NYSE:V) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,539 shares of the credit-card processor’s stock after buying an additional 254 shares during the period. Visa comprises about 1.1% of Hartford Financial Management Inc.’s holdings, making the stock its 29th largest position. Hartford Financial Management Inc.’s holdings in Visa were worth $3,707,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. APG Asset Management N.V. increased its position in shares of Visa by 13.4% during the first quarter. APG Asset Management N.V. now owns 3,027,411 shares of the credit-card processor’s stock worth $487,776,000 after purchasing an additional 356,828 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Visa by 73.5% during the first quarter. Meeder Asset Management Inc. now owns 10,298 shares of the credit-card processor’s stock worth $1,661,000 after purchasing an additional 4,364 shares in the last quarter. BDO Wealth Advisors LLC increased its position in shares of Visa by 94.3% during the first quarter. BDO Wealth Advisors LLC now owns 5,061 shares of the credit-card processor’s stock worth $815,000 after purchasing an additional 2,456 shares in the last quarter. Exencial Wealth Advisors LLC increased its position in shares of Visa by 2.5% during the first quarter. Exencial Wealth Advisors LLC now owns 9,780 shares of the credit-card processor’s stock worth $1,576,000 after purchasing an additional 234 shares in the last quarter. Finally, ARGI Investment Services LLC increased its position in shares of Visa by 3.6% during the first quarter. ARGI Investment Services LLC now owns 5,264 shares of the credit-card processor’s stock worth $848,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Shares of V stock traded up $0.71 during midday trading on Friday, reaching $200.26. 6,387,996 shares of the company traded hands, compared to its average volume of 10,095,141. The firm’s 50 day simple moving average is $203.88 and its two-hundred day simple moving average is $191.62. Visa Inc has a 1-year low of $133.93 and a 1-year high of $217.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $388.98 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 3.05 and a beta of 0.90.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Visa had a return on equity of 40.65% and a net margin of 51.37%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the firm posted $1.37 EPS. The company’s quarterly revenue was down 18.6% compared to the same quarter last year. As a group, research analysts anticipate that Visa Inc will post 5.01 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on V shares. Wells Fargo & Company raised their price target on Visa from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Morgan Stanley raised their price target on Visa from $196.00 to $203.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Oppenheimer started coverage on Visa in a report on Tuesday, June 23rd. They set an “outperform” rating and a $202.00 price target on the stock. Jefferies Financial Group raised their price target on Visa from $185.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, October 2nd. Finally, Goldman Sachs Group started coverage on Visa in a report on Tuesday, July 14th. They set a “buy” rating and a $223.00 price target on the stock. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus price target of $214.72.

In other Visa news, Director Lloyd Carney sold 1,550 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $192.64, for a total value of $298,592.00. Following the completion of the transaction, the director now directly owns 2,962 shares in the company, valued at approximately $570,599.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $195.00, for a total value of $1,365,000.00. Following the completion of the transaction, the chief executive officer now owns 130,090 shares of the company’s stock, valued at $25,367,550. The disclosure for this sale can be found here. Insiders have sold a total of 118,122 shares of company stock valued at $24,748,541 over the last 90 days. Insiders own 0.19% of the company’s stock.

About Visa

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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