LeJeune Puetz Investment Counsel LLC Has $1.22 Million Stake in Visa Inc (V)

LeJeune Puetz Investment Counsel LLC trimmed its holdings in Visa Inc (NYSE:V) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,221 shares of the credit-card processor’s stock after selling 240 shares during the period. LeJeune Puetz Investment Counsel LLC’s holdings in Visa were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Regent Investment Management LLC grew its stake in shares of Visa by 0.4% in the fourth quarter. Regent Investment Management LLC now owns 17,175 shares of the credit-card processor’s stock worth $2,266,000 after purchasing an additional 75 shares during the last quarter. Indiana Trust & Investment Management CO grew its stake in shares of Visa by 1.1% in the fourth quarter. Indiana Trust & Investment Management CO now owns 7,352 shares of the credit-card processor’s stock worth $970,000 after purchasing an additional 83 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Visa by 0.8% in the third quarter. Rehmann Capital Advisory Group now owns 10,088 shares of the credit-card processor’s stock worth $1,514,000 after purchasing an additional 85 shares during the last quarter. SPC Financial Inc. grew its stake in shares of Visa by 1.1% in the fourth quarter. SPC Financial Inc. now owns 7,972 shares of the credit-card processor’s stock worth $1,052,000 after purchasing an additional 85 shares during the last quarter. Finally, Lourd Capital LLC grew its stake in shares of Visa by 1.5% in the fourth quarter. Lourd Capital LLC now owns 6,711 shares of the credit-card processor’s stock worth $885,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 80.94% of the company’s stock.

Shares of NYSE V opened at $160.23 on Wednesday. Visa Inc has a 1-year low of $119.37 and a 1-year high of $161.10. The stock has a market cap of $322.95 billion, a PE ratio of 34.76, a P/E/G ratio of 1.82 and a beta of 1.00. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.

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

In related news, EVP Lynne Biggar sold 15,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 22,294 shares in the company, valued at approximately $3,344,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James H. Hoffmeister sold 6,480 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total transaction of $978,480.00. Following the completion of the sale, the senior vice president now owns 6,480 shares in the company, valued at approximately $978,480. The disclosure for this sale can be found here. Insiders have sold 193,531 shares of company stock worth $28,797,949 in the last quarter. Company insiders own 0.17% of the company’s stock.

Several research firms recently issued reports on V. Nomura boosted their target price on shares of Visa from $151.00 to $175.00 in a report on Thursday, April 11th. Wells Fargo & Co boosted their target price on shares of Visa from $161.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Jefferies Financial Group boosted their target price 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 boosted their target price 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 boosted their target price 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 equities research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus price target 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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