Visa Inc (NYSE:V) Shares Purchased by PFG Advisors

PFG Advisors boosted its holdings in Visa Inc (NYSE:V) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,870 shares of the credit-card processor’s stock after acquiring an additional 379 shares during the quarter. Visa accounts for 1.0% of PFG Advisors’ portfolio, making the stock its 19th largest position. PFG Advisors’ holdings in Visa were worth $3,650,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of V. Krane Funds Advisors LLC bought a new stake in shares of Visa during the second quarter worth about $26,000. Lowe Wealth Advisors LLC boosted its position in Visa by 114.7% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 86 shares during the period. Personal Wealth Partners purchased a new stake in Visa during the 2nd quarter valued at $30,000. Mcmillion Capital Management Inc. purchased a new stake in Visa during the 2nd quarter valued at $38,000. Finally, Hexavest Inc. purchased a new stake in shares of Visa in the 2nd quarter worth about $40,000. Institutional investors own 81.02% of the company’s stock.

Shares of V stock traded up $1.32 during trading hours on Tuesday, reaching $178.68. The company had a trading volume of 2,208,987 shares, compared to its average volume of 8,335,472. The business has a fifty day moving average price of $177.05 and a 200-day moving average price of $171.00. Visa Inc has a one year low of $121.60 and a one year high of $187.05. The firm has a market cap of $351.27 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 1.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.69.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts forecast that Visa Inc will post 5.41 EPS for the current year.

Several equities research analysts have recently commented on the stock. Robert W. Baird set a $196.00 target price on shares of Visa and gave the stock a “buy” rating in a research report on Friday, July 19th. Nomura raised their price objective on shares of Visa from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Wells Fargo & Co raised their price objective on shares of Visa from $181.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Wedbush set a $187.00 price objective on shares of Visa and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Deutsche Bank raised their price objective on shares of Visa from $177.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $196.57.

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

Visa 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.

Further Reading: Momentum Investing

Institutional Ownership by Quarter for Visa (NYSE:V)

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