Deane Retirement Strategies Inc. Invests $1.81 Million in Visa Inc (NYSE:V)

Share on StockTwits

Deane Retirement Strategies Inc. acquired a new position in Visa Inc (NYSE:V) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,625 shares of the credit-card processor’s stock, valued at approximately $1,809,000. Visa makes up about 1.2% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors have also bought and sold shares of V. Schroder Investment Management Group raised its stake in Visa by 2.5% in the 2nd quarter. Schroder Investment Management Group now owns 3,872,913 shares of the credit-card processor’s stock worth $672,142,000 after acquiring an additional 95,302 shares during the last quarter. Principle Wealth Partners LLC raised its stake in shares of Visa by 28.9% during the 3rd quarter. Principle Wealth Partners LLC now owns 35,430 shares of the credit-card processor’s stock valued at $6,094,000 after buying an additional 7,954 shares during the last quarter. Central Bank & Trust Co. raised its stake in shares of Visa by 0.5% during the 3rd quarter. Central Bank & Trust Co. now owns 55,570 shares of the credit-card processor’s stock valued at $9,559,000 after buying an additional 270 shares during the last quarter. Valley Forge Capital Management LP raised its stake in shares of Visa by 3.0% during the 3rd quarter. Valley Forge Capital Management LP now owns 482,922 shares of the credit-card processor’s stock valued at $83,067,000 after buying an additional 14,000 shares during the last quarter. Finally, West Branch Capital LLC raised its stake in shares of Visa by 108.5% during the 4th quarter. West Branch Capital LLC now owns 17,838 shares of the credit-card processor’s stock valued at $3,352,000 after buying an additional 9,282 shares during the last quarter. 81.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Visa stock opened at $199.80 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.57. Visa Inc has a twelve month low of $133.30 and a twelve month high of $200.15. The business has a 50-day moving average price of $187.32 and a 200 day moving average price of $180.29. The firm has a market cap of $385.85 billion, a PE ratio of 36.73, a P/E/G ratio of 2.01 and a beta of 0.93.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. The firm had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6.08 billion. During the same quarter in the previous year, the business earned $1.21 EPS. Visa’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc will post 6.2 EPS for the current year.

In related news, EVP William M. Sheedy sold 21,164 shares of Visa stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total value of $3,782,218.44. Following the sale, the executive vice president now directly owns 227,126 shares in the company, valued at approximately $40,589,687.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William M. Sheedy sold 3,110 shares of Visa stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $182.52, for a total value of $567,637.20. Following the completion of the sale, the executive vice president now owns 227,740 shares in the company, valued at $41,567,104.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,480 shares of company stock valued at $10,606,182. 0.17% of the stock is owned by company insiders.

A number of equities analysts have weighed in on the company. Morgan Stanley lifted their price objective on Visa from $207.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Jefferies Financial Group set a $210.00 price objective on Visa and gave the company a “buy” rating in a research note on Friday, October 25th. Oppenheimer reiterated a “buy” rating and set a $202.00 price objective on shares of Visa in a research note on Tuesday. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Tuesday. Finally, Wells Fargo & Co lifted their price objective on Visa from $200.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $204.58.

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.

Read More: Treasury Bonds

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.