Visa Inc. (NYSE:V) Shares Bought by Carret Asset Management LLC

Carret Asset Management LLC grew its stake in Visa Inc. (NYSE:V) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,097 shares of the credit-card processor’s stock after purchasing an additional 648 shares during the period. Carret Asset Management LLC’s holdings in Visa were worth $5,801,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atticus Wealth Management LLC increased its position in Visa by 3.1% during the 1st quarter. Atticus Wealth Management LLC now owns 3,930 shares of the credit-card processor’s stock worth $1,097,000 after purchasing an additional 120 shares during the period. Founders Financial Securities LLC raised its position in Visa by 4.0% in the first quarter. Founders Financial Securities LLC now owns 13,277 shares of the credit-card processor’s stock worth $3,705,000 after acquiring an additional 508 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in Visa by 14.5% in the first quarter. New Mexico Educational Retirement Board now owns 96,434 shares of the credit-card processor’s stock valued at $26,913,000 after acquiring an additional 12,200 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of Visa by 3.8% during the 1st quarter. Physician Wealth Advisors Inc. now owns 2,238 shares of the credit-card processor’s stock worth $607,000 after purchasing an additional 81 shares in the last quarter. Finally, Cornerstone Wealth Group LLC grew its stake in shares of Visa by 12.2% during the 1st quarter. Cornerstone Wealth Group LLC now owns 36,321 shares of the credit-card processor’s stock worth $10,136,000 after purchasing an additional 3,936 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

V stock opened at $281.73 on Monday. The stock has a market capitalization of $513.40 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52-week low of $228.03 and a 52-week high of $293.07. The stock’s fifty day simple moving average is $279.02 and its 200-day simple moving average is $273.16.

Analysts Set New Price Targets

Several brokerages recently commented on V. Jefferies Financial Group reduced their price objective on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Citigroup reduced their price target on shares of Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. William Blair upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. TD Cowen decreased their target price on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $322.00 target price on shares of Visa in a report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $314.19.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

About Visa

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.