Raymond James Trust N.A. Boosts Stake in Visa Inc (NYSE:V)

Raymond James Trust N.A. raised its holdings in Visa Inc (NYSE:V) by 1.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,084 shares of the credit-card processor’s stock after purchasing an additional 1,713 shares during the quarter. Visa accounts for 1.2% of Raymond James Trust N.A.’s holdings, making the stock its 11th largest holding. Raymond James Trust N.A.’s holdings in Visa were worth $28,613,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of V. Cedar Mountain Advisors LLC raised its position in Visa by 102.6% in the second quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 80 shares during the period. CVA Family Office LLC purchased a new stake in Visa in the first quarter valued at $32,000. Price Wealth LLC raised 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 period. Centerpoint Advisors LLC purchased a new stake in Visa in the second quarter valued at $43,000. Finally, American Research & Management Co. raised its position in Visa by 27.1% in the second quarter. American Research & Management Co. now owns 267 shares of the credit-card processor’s stock valued at $52,000 after purchasing an additional 57 shares during the period. Institutional investors own 80.74% of the company’s stock.

In related news, insider Rajat Taneja sold 45,036 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $210.00, for a total value of $9,457,560.00. Also, 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 value of $298,592.00. Following the completion of the transaction, the director now directly owns 2,962 shares of the company’s stock, valued at $570,599.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,122 shares of company stock valued at $24,748,541. Company insiders own 0.19% of the company’s stock.

Several equities research analysts recently issued reports on the company. Raymond James boosted their price objective on Visa from $204.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Wells Fargo & Company boosted their price objective on Visa from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Bank of America boosted their price objective on Visa from $227.00 to $234.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Piper Sandler boosted their price objective on Visa from $200.00 to $206.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Daiwa Capital Markets reiterated a “neutral” rating and issued a $204.00 price objective on shares of Visa in a report on Tuesday, July 21st. Six research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $214.72.

NYSE:V opened at $200.26 on Friday. The stock has a 50-day simple moving average of $203.88 and a 200-day simple moving average of $191.62. The stock has a market cap of $388.98 billion, a P/E ratio of 38.14, a P/E/G ratio of 3.05 and a beta of 0.90. Visa Inc has a 1 year low of $133.93 and a 1 year high of $217.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 1.55.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.85 billion. Visa had a return on equity of 40.65% and a net margin of 51.37%. The company’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 EPS. On average, equities research analysts predict that Visa Inc will post 5.01 EPS for the current year.

Visa Company 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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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