Visa Inc. (NYSE:V) Position Reduced by Mutual Advisors LLC

Mutual Advisors LLC reduced its position in Visa Inc. (NYSE:V) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,110 shares of the credit-card processor’s stock after selling 846 shares during the period. Mutual Advisors LLC’s holdings in Visa were worth $13,626,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in V. WFA Asset Management Corp grew its stake in Visa by 4.6% during the 1st quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after acquiring an additional 100 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Visa by 1.1% during the first quarter. Valeo Financial Advisors LLC now owns 60,371 shares of the credit-card processor’s stock valued at $16,848,000 after purchasing an additional 655 shares in the last quarter. KFG Wealth Management LLC increased its stake in Visa by 13.2% in the 1st quarter. KFG Wealth Management LLC now owns 949 shares of the credit-card processor’s stock valued at $265,000 after buying an additional 111 shares during the period. Leeward Financial Partners LLC increased its stake in Visa by 5.7% in the 1st quarter. Leeward Financial Partners LLC now owns 13,782 shares of the credit-card processor’s stock valued at $3,846,000 after buying an additional 739 shares during the period. Finally, Redmont Wealth Advisors LLC purchased a new stake in Visa in the 1st quarter worth approximately $103,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on V shares. Susquehanna boosted their price target on shares of Visa from $326.00 to $339.00 and gave the company a “positive” rating in a report on Wednesday. Oppenheimer restated an “outperform” rating and issued a $321.00 target price (up previously from $318.00) on shares of Visa in a research note on Wednesday. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Citigroup lifted their price target on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets raised their price objective on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $320.07.

Visa Stock Up 2.9 %

NYSE V opened at $290.16 on Thursday. Visa Inc. has a twelve month low of $232.99 and a twelve month high of $295.78. The stock has a market cap of $530.68 billion, a PE ratio of 32.42, a PEG ratio of 1.95 and a beta of 0.96. The firm has a 50-day simple moving average of $280.09 and a 200 day simple moving average of $273.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $2.33 earnings per share. On average, research analysts forecast that Visa Inc. will post 9.92 EPS for the current year.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was 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 in the company, valued at $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by 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.