Visa Inc (V) Holdings Lifted by Altium Wealth Management LLC

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Altium Wealth Management LLC lifted its holdings in shares of Visa Inc (NYSE:V) by 13.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,091 shares of the credit-card processor’s stock after acquiring an additional 1,552 shares during the period. Altium Wealth Management LLC’s holdings in Visa were worth $1,727,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Visa by 0.5% in the third quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after purchasing an additional 640,593 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Visa by 0.5% in the third quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after purchasing an additional 640,593 shares in the last quarter. BlackRock Inc. lifted its position in shares of Visa by 0.8% in the third quarter. BlackRock Inc. now owns 122,485,390 shares of the credit-card processor’s stock worth $18,383,832,000 after purchasing an additional 936,305 shares in the last quarter. FMR LLC lifted its position in shares of Visa by 1.7% in the third quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock worth $13,045,406,000 after purchasing an additional 1,450,809 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Visa by 3.9% in the third quarter. Morgan Stanley now owns 29,757,958 shares of the credit-card processor’s stock worth $4,466,371,000 after purchasing an additional 1,119,197 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

In related news, Vice Chairman Ellen Richey sold 81,005 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total value of $11,339,889.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP James H. Hoffmeister sold 6,480 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total value of $978,480.00. Following the completion of the transaction, the senior vice president now owns 6,480 shares in the company, valued at $978,480. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 193,531 shares of company stock valued at $28,797,949. Insiders own 0.17% of the company’s stock.

Shares of Visa stock traded up $0.80 on Monday, hitting $160.44. The stock had a trading volume of 7,924,548 shares, compared to its average volume of 8,639,620. The company has a market capitalization of $320.46 billion, a P/E ratio of 34.80, a P/E/G ratio of 1.80 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. Visa Inc has a twelve month low of $119.37 and a twelve month high of $160.48.

Visa (NYSE:V) last released its earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.41 billion. Visa had a net margin of 50.61% and a return on equity of 39.32%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 EPS. Equities analysts anticipate that Visa Inc will post 5.32 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Nomura boosted their target price on shares of Visa from $151.00 to $175.00 in a report on Thursday. Wells Fargo & Co upped their price objective on shares of Visa from $161.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Financial Group upped their price objective on shares of Visa from $170.00 to $175.00 and gave the company a “buy” rating in a report on Monday, March 25th. Deutsche Bank upped their price objective on shares of Visa from $160.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, Wedbush upped their price objective on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $168.80.

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About Visa

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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