TCV Trust & Wealth Management Inc. Sells 1,182 Shares of Visa Inc. (NYSE:V)

TCV Trust & Wealth Management Inc. lessened its position in shares of Visa Inc. (NYSE:V) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,002 shares of the credit-card processor’s stock after selling 1,182 shares during the period. Visa accounts for 1.8% of TCV Trust & Wealth Management Inc.’s investment portfolio, making the stock its 11th largest position. TCV Trust & Wealth Management Inc.’s holdings in Visa were worth $20,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cordatus Wealth Management LLC boosted its holdings in Visa by 0.3% in the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock worth $3,012,000 after buying an additional 37 shares during the period. KMG Fiduciary Partners LLC lifted its holdings in shares of Visa by 0.3% in the third quarter. KMG Fiduciary Partners LLC now owns 13,933 shares of the credit-card processor’s stock worth $3,831,000 after buying an additional 37 shares in the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of Visa by 15.9% in the third quarter. Iron Horse Wealth Management LLC now owns 270 shares of the credit-card processor’s stock valued at $74,000 after acquiring an additional 37 shares during the period. Tlwm increased its holdings in Visa by 0.7% during the 2nd quarter. Tlwm now owns 5,241 shares of the credit-card processor’s stock worth $1,376,000 after acquiring an additional 38 shares during the period. Finally, Meridian Financial Partners LLC boosted its holdings in Visa by 0.5% in the 2nd quarter. Meridian Financial Partners LLC now owns 8,160 shares of the credit-card processor’s stock valued at $2,196,000 after purchasing an additional 38 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Down 0.5 %

Shares of NYSE V opened at $281.73 on Monday. The firm has a market cap of $513.40 billion, a price-to-earnings ratio of 30.13, a PEG 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. The business’s 50 day moving average is $279.02 and its two-hundred day moving average is $273.16. Visa Inc. has a 52-week low of $228.03 and a 52-week high of $293.07.

Analyst Ratings Changes

V has been the subject of several recent analyst reports. Macquarie restated an “outperform” rating and set a $300.00 target price on shares of Visa in a research report on Friday, September 27th. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $317.00 price objective on shares of Visa in a research note on Thursday, September 12th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Finally, William Blair upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $314.19.

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.