HNP Capital LLC Purchases 351 Shares of Visa Inc (NYSE:V)

HNP Capital LLC lifted its position in Visa Inc (NYSE:V) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,786 shares of the credit-card processor’s stock after purchasing an additional 351 shares during the quarter. Visa accounts for approximately 1.1% of HNP Capital LLC’s holdings, making the stock its 21st biggest holding. HNP Capital LLC’s holdings in Visa were worth $2,037,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearstead Advisors LLC boosted its stake in Visa by 1.4% in the fourth quarter. Clearstead Advisors LLC now owns 11,736 shares of the credit-card processor’s stock valued at $1,548,000 after acquiring an additional 166 shares in the last quarter. Lyell Wealth Management LP boosted its stake in Visa by 2.7% in the fourth quarter. Lyell Wealth Management LP now owns 28,375 shares of the credit-card processor’s stock valued at $3,744,000 after acquiring an additional 745 shares in the last quarter. Titus Wealth Management boosted its stake in Visa by 3.2% in the fourth quarter. Titus Wealth Management now owns 6,420 shares of the credit-card processor’s stock valued at $847,000 after acquiring an additional 200 shares in the last quarter. Garrison Point Advisors LLC acquired a new position in Visa in the fourth quarter valued at $1,572,000. Finally, Clarius Group LLC boosted its stake in Visa by 54.3% in the fourth quarter. Clarius Group LLC now owns 4,917 shares of the credit-card processor’s stock valued at $649,000 after acquiring an additional 1,731 shares in the last quarter. 80.99% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Lloyd Carney sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the sale, the director now owns 3,452 shares in the company, valued at $630,783.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vasant M. Prabhu sold 25,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the sale, the insider now owns 62,223 shares in the company, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

V has been the subject of a number of research reports. Citigroup upped their target price on shares of Visa from $185.00 to $206.00 and gave the company a “buy” rating in a report on Monday, September 9th. UBS Group upped their target price on shares of Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Jefferies Financial Group upped their target price on shares of Visa from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Robert W. Baird set a $196.00 target price on shares of Visa and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Nomura upped their target price on shares of Visa from $178.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Visa presently has an average rating of “Buy” and an average price target of $196.57.

Visa stock traded up $3.11 during mid-day trading on Friday, reaching $175.98. The company had a trading volume of 285,080 shares, compared to its average volume of 8,781,984. Visa Inc has a 1 year low of $121.60 and a 1 year high of $187.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $345.78 billion, a P/E ratio of 38.17, a P/E/G ratio of 1.79 and a beta of 0.96. The stock’s 50-day simple moving average is $177.45 and its 200-day simple moving average is $169.81.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, beating the consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Visa had a net margin of 53.43% and a return on equity of 41.04%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. On average, equities analysts forecast that Visa Inc will post 5.4 EPS for the current fiscal year.

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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