TPG Financial Advisors LLC lifted its holdings in Visa Inc (NYSE:V) by 11.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,427 shares of the credit-card processor’s stock after acquiring an additional 146 shares during the quarter. TPG Financial Advisors LLC’s holdings in Visa were worth $285,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC lifted its stake in shares of Visa by 102.6% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 80 shares during the last quarter. CVA Family Office LLC purchased a new position in Visa in the 1st quarter worth approximately $32,000. Price Wealth LLC lifted its position in Visa by 90.0% in the second quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock valued at $37,000 after purchasing an additional 90 shares during the last quarter. Centerpoint Advisors LLC bought a new position in shares of Visa in the second quarter worth approximately $43,000. Finally, American Research & Management Co. increased its stake in shares of Visa by 27.1% in the second quarter. American Research & Management Co. now owns 267 shares of the credit-card processor’s stock worth $52,000 after buying an additional 57 shares during the period. 80.74% of the stock is owned by institutional investors.
In related news, Director Lloyd Carney sold 1,550 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $192.64, for a total transaction of $298,592.00. Following the completion of the sale, the director now owns 2,962 shares of the company’s stock, valued at $570,599.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $200.82, for a total transaction of $1,405,740.00. Following the completion of the transaction, the chief executive officer now owns 124,090 shares of the company’s stock, valued at $24,919,753.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,122 shares of company stock valued at $24,748,541. 0.19% of the stock is owned by insiders.
Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. Visa had a return on equity of 40.65% and a net margin of 51.37%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. The firm’s quarterly revenue was down 18.6% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc will post 5.01 EPS for the current year.
V has been the topic of a number of recent analyst reports. Goldman Sachs Group began coverage on shares of Visa in a report on Tuesday, July 14th. They issued a “buy” rating and a $223.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Visa from $186.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Mizuho reaffirmed a “buy” rating and set a $250.00 price target on shares of Visa in a research report on Thursday, October 8th. Piper Sandler lifted their price objective on Visa from $200.00 to $206.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley upped their target price on Visa from $196.00 to $203.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $214.72.
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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