Connecticut Wealth Management LLC boosted its holdings in Visa Inc (NYSE:V) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,075 shares of the credit-card processor’s stock after acquiring an additional 133 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Visa were worth $274,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Regent Investment Management LLC raised its position in shares of Visa by 0.4% during the 4th quarter. Regent Investment Management LLC now owns 17,175 shares of the credit-card processor’s stock worth $2,266,000 after purchasing an additional 75 shares during the last quarter. Indiana Trust & Investment Management CO lifted its stake in Visa by 1.1% in the 4th quarter. Indiana Trust & Investment Management CO now owns 7,352 shares of the credit-card processor’s stock valued at $970,000 after buying an additional 83 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in Visa by 0.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 10,088 shares of the credit-card processor’s stock valued at $1,514,000 after buying an additional 85 shares during the last quarter. SPC Financial Inc. grew its holdings in Visa by 1.1% during the 4th quarter. SPC Financial Inc. now owns 7,972 shares of the credit-card processor’s stock valued at $1,052,000 after buying an additional 85 shares during the last quarter. Finally, Lourd Capital LLC increased its position in Visa by 1.5% during the fourth quarter. Lourd Capital LLC now owns 6,711 shares of the credit-card processor’s stock worth $885,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.
NYSE V opened at $157.65 on Friday. Visa Inc has a twelve month low of $117.12 and a twelve month high of $159.11. The stock has a market cap of $316.44 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.
Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. Visa had a return on equity of 39.32% and a net margin of 50.61%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $1.08 EPS. On average, equities analysts anticipate that Visa Inc will post 5.33 EPS for the current year.
A number of research firms have recently weighed in on V. reissued a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Jefferies Financial Group upped their price objective on Visa from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Deutsche Bank increased their price objective on Visa from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Raymond James reiterated an “outperform” rating and set a $152.00 price objective (down previously from $167.00) on shares of Visa in a research report on Thursday, January 31st. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $178.00 target price on shares of Visa in a research note on Friday, December 21st. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus price target of $167.28.
In related news, EVP Tullier Kelly Mahon sold 91,046 shares of the business’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 completion of the sale, the executive vice president now directly owns 120,602 shares in the company, valued at $18,848,886.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Ellen Richey sold 81,005 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total transaction of $11,339,889.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,531 shares of company stock valued at $28,797,949. Corporate insiders own 0.17% of the company’s stock.
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Visa Company Profile
Visa, Inc engages in the provision of payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.
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