Oppenheimer Asset Management Inc. decreased its position in shares of Visa Inc (NYSE:V) by 6.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 230,273 shares of the credit-card processor’s stock after selling 15,469 shares during the quarter. Visa makes up approximately 0.8% of Oppenheimer Asset Management Inc.’s portfolio, making the stock its 18th biggest position. Oppenheimer Asset Management Inc.’s holdings in Visa were worth $30,383,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Markel Corp boosted its holdings in Visa by 0.4% in the third quarter. Markel Corp now owns 924,400 shares of the credit-card processor’s stock worth $138,743,000 after acquiring an additional 4,000 shares in the last quarter. CX Institutional acquired a new stake in Visa in the fourth quarter worth about $224,000. Anderson Hoagland & Co. boosted its holdings in Visa by 0.7% in the fourth quarter. Anderson Hoagland & Co. now owns 69,530 shares of the credit-card processor’s stock worth $8,953,000 after acquiring an additional 487 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in Visa by 2.9% in the third quarter. WINTON GROUP Ltd now owns 13,962 shares of the credit-card processor’s stock worth $2,096,000 after acquiring an additional 395 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Visa by 3.9% in the third quarter. Victory Capital Management Inc. now owns 879,958 shares of the credit-card processor’s stock worth $132,073,000 after acquiring an additional 32,838 shares in the last quarter. 80.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:V opened at $160.23 on Wednesday. Visa Inc has a 52-week low of $119.37 and a 52-week high of $161.10. The stock has a market capitalization of $322.06 billion, a PE ratio of 34.76, a PEG ratio of 1.83 and a beta of 1.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50.
Several equities research analysts have weighed in on the company. Raymond James reissued an “outperform” rating and issued a $152.00 price target (down previously from $167.00) on shares of Visa in a report on Thursday, January 31st. Cantor Fitzgerald reissued a “buy” rating and issued a $160.00 price target on shares of Visa in a report on Thursday, January 31st. Wedbush raised their price target on Visa from $150.00 to $162.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Jefferies Financial Group raised their price target on Visa from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, reissued a “buy” rating on shares of Visa in a report on Tuesday, February 12th. One research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $168.80.
In related news, Vice Chairman Ellen Richey sold 81,005 shares of Visa stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lynne Biggar sold 15,000 shares of Visa stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $150.00, for a total value of $2,250,000.00. Following the transaction, the executive vice president now owns 22,294 shares of the company’s stock, valued at $3,344,100. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 193,531 shares of company stock valued at $28,797,949. 0.17% of the stock is owned by company insiders.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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