Raymond James Trust N.A. grew its stake in shares of Visa Inc (NYSE:V) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,084 shares of the credit-card processor’s stock after acquiring an additional 1,713 shares during the period. Visa accounts for 1.2% of Raymond James Trust N.A.’s investment portfolio, making the stock its 11th biggest holding. Raymond James Trust N.A.’s holdings in Visa were worth $28,613,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of V. Cedar Mountain Advisors LLC grew its holdings in shares of Visa by 102.6% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 80 shares in the last quarter. CVA Family Office LLC bought a new stake in Visa in the first quarter worth $32,000. Price Wealth LLC boosted its holdings in Visa by 90.0% in the second quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock worth $37,000 after purchasing an additional 90 shares in the last quarter. Centerpoint Advisors LLC bought a new stake in Visa in the second quarter worth $43,000. Finally, American Research & Management Co. boosted its holdings in Visa by 27.1% in the second quarter. American Research & Management Co. now owns 267 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.
Shares of V opened at $200.26 on Friday. The company has a 50-day simple moving average of $203.88 and a 200-day simple moving average of $191.62. The firm has a market capitalization 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. 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 Inc has a 52 week low of $133.93 and a 52 week high of $217.35.
Visa (NYSE:V) last posted its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Visa had a net margin of 51.37% and a return on equity of 40.65%. The firm’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. As a group, equities analysts forecast that Visa Inc will post 5.01 earnings per share for the current year.
V has been the subject of a number of recent research reports. Oppenheimer initiated coverage on shares of Visa in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $202.00 price objective for the company. Mizuho reiterated a “buy” rating and issued a $250.00 price objective on shares of Visa in a report on Thursday, October 8th. KeyCorp upped their price objective on shares of Visa from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 21st. 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. Finally, Piper Sandler upped their price objective on shares of Visa from $200.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Six research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Visa has a consensus rating of “Buy” and a consensus target price of $214.72.
In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $200.82, for a total value of $1,405,740.00. Following the sale, the chief executive officer now owns 124,090 shares of the company’s stock, valued at $24,919,753.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 45,036 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $210.00, for a total transaction of $9,457,560.00. In the last three months, insiders sold 118,122 shares of company stock worth $24,748,541. 0.19% of the stock is currently owned by insiders.
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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