Elmwood Wealth Management Inc. purchased a new stake in shares of Visa Inc. (NYSE:V – Get Rating) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,885 shares of the credit-card processor’s stock, valued at approximately $842,000.
A number of other institutional investors have also recently bought and sold shares of the business. TCI Fund Management Ltd. raised its holdings in shares of Visa by 41.8% during the third quarter. TCI Fund Management Ltd. now owns 19,939,311 shares of the credit-card processor’s stock valued at $4,441,482,000 after acquiring an additional 5,881,421 shares during the last quarter. GQG Partners LLC grew its position in Visa by 85.6% in the third quarter. GQG Partners LLC now owns 7,721,375 shares of the credit-card processor’s stock worth $1,719,828,000 after acquiring an additional 3,562,125 shares during the period. Brown Advisory Inc. grew its position in Visa by 51.7% in the fourth quarter. Brown Advisory Inc. now owns 9,232,310 shares of the credit-card processor’s stock worth $2,000,734,000 after acquiring an additional 3,145,363 shares during the period. Alliancebernstein L.P. boosted its position in shares of Visa by 11.8% during the third quarter. Alliancebernstein L.P. now owns 23,190,566 shares of the credit-card processor’s stock worth $5,165,699,000 after buying an additional 2,446,963 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Visa by 1.9% during the third quarter. BlackRock Inc. now owns 126,591,271 shares of the credit-card processor’s stock worth $28,198,208,000 after buying an additional 2,370,237 shares during the period. Institutional investors and hedge funds own 81.28% of the company’s stock.
NYSE V traded up $8.27 on Thursday, hitting $222.38. 353,181 shares of the stock were exchanged, compared to its average volume of 8,987,061. The company has a market capitalization of $425.68 billion, a PE ratio of 36.87, a P/E/G ratio of 1.90 and a beta of 0.92. The business’s fifty day moving average is $213.63 and its 200 day moving average is $214.94. Visa Inc. has a 52 week low of $186.67 and a 52 week high of $252.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.
V has been the topic of a number of analyst reports. Cowen cut their price target on Visa from $276.00 to $254.00 in a research note on Wednesday. Exane BNP Paribas lowered Visa from an “outperform” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a report on Monday, January 10th. StockNews.com lowered Visa from a “buy” rating to a “hold” rating in a report on Friday, April 8th. Raymond James lifted their price target on shares of Visa from $265.00 to $281.00 and gave the company an “outperform” rating in a research report on Friday, January 28th. Finally, Citigroup reduced their price target on shares of Visa from $285.00 to $265.00 in a research report on Monday. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $266.48.
In other news, CAO James H. Hoffmeister sold 1,737 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $231.49, for a total transaction of $402,098.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Ryan Mcinerney sold 6,467 shares of Visa stock in a transaction on Friday, April 1st. The shares were sold at an average price of $223.65, for a total transaction of $1,446,344.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,250 shares of company stock valued at $10,951,267. 0.21% of the stock is owned by company insiders.
Visa Profile (Get Rating)
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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