Signature Wealth Management Group Has $284,000 Stock Holdings in Visa Inc. $V

Signature Wealth Management Group raised its position in Visa Inc. (NYSE:V) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 801 shares of the credit-card processor’s stock after acquiring an additional 39 shares during the period. Signature Wealth Management Group’s holdings in Visa were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of V. Keystone Global Partners LLC bought a new position in shares of Visa during the 1st quarter worth about $26,000. von Borstel & Associates Inc. acquired a new position in Visa in the first quarter worth about $27,000. Family Legacy Financial Solutions LLC bought a new position in Visa during the second quarter worth about $28,000. Harbor Asset Planning Inc. acquired a new stake in Visa during the second quarter valued at approximately $29,000. Finally, Cranbrook Wealth Management LLC grew its stake in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on V. Morgan Stanley raised their target price on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Macquarie lifted their price objective on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Robert W. Baird set a $410.00 target price on shares of Visa and gave the stock an “outperform” rating in a report on Monday, October 6th. Barclays reiterated an “overweight” rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price target on the stock. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $392.75.

Visa Trading Down 0.1%

Shares of NYSE V opened at $347.51 on Wednesday. Visa Inc. has a 1-year low of $281.35 and a 1-year high of $375.51. The company has a 50-day moving average of $344.99 and a two-hundred day moving average of $348.25. The company has a market cap of $636.92 billion, a PE ratio of 33.94, a P/E/G ratio of 2.06 and a beta of 0.90. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the firm earned $2.71 earnings per share. Visa’s revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at $183,815.10. The trade was a 95.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by company insiders.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.