Chicago Equity Partners LLC Has $10.56 Million Stake in Visa Inc (V)

Chicago Equity Partners LLC decreased its position in shares of Visa Inc (NYSE:V) by 26.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,365 shares of the credit-card processor’s stock after selling 35,870 shares during the period. Chicago Equity Partners LLC’s holdings in Visa were worth $10,562,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Krilogy Financial LLC raised its position in shares of Visa by 0.3% during the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock valued at $241,000 after buying an additional 7 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in shares of Visa by 0.4% during the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock valued at $445,000 after buying an additional 20 shares during the last quarter. Baker Ellis Asset Management LLC raised its position in shares of Visa by 0.3% during the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock valued at $587,000 after buying an additional 20 shares during the last quarter. Lakeview Capital Partners LLC raised its position in shares of Visa by 0.8% during the second quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock valued at $402,000 after buying an additional 34 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its position in shares of Visa by 0.5% during the second quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock valued at $739,000 after buying an additional 38 shares during the last quarter. 81.55% of the stock is owned by hedge funds and other institutional investors.

Visa Inc (NYSE:V) opened at $120.39 on Wednesday. Visa Inc has a twelve month low of $80.76 and a twelve month high of $121.94. The firm has a market cap of $272,830.00, a P/E ratio of 43.00, a P/E/G ratio of 1.75 and a beta of 0.99. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.

Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. Visa’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. equities analysts predict that Visa Inc will post 4.08 EPS for the current fiscal year.

In other news, EVP Tullier Kelly Mahon sold 49,702 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of the sale, the executive vice president now owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Matschullat sold 6,220 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the sale, the director now directly owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,068 shares of company stock worth $6,597,262. Company insiders own 0.14% of the company’s stock.

A number of analysts recently weighed in on V shares. Wells Fargo & Co raised shares of Visa from a “market perform” rating to an “outperform” rating and upped their target price for the company from $107.01 to $120.00 in a research note on Tuesday, October 10th. KeyCorp reissued a “buy” rating and issued a $118.00 target price on shares of Visa in a research note on Wednesday, October 18th. Barclays upped their price objective on shares of Visa from $114.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Morgan Stanley upped their price objective on shares of Visa from $114.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Four research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $122.03.

ILLEGAL ACTIVITY NOTICE: This story was originally published by BBNS and is the sole property of of BBNS. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://baseballnewssource.com/markets/visa-inc-v-shares-sold-by-chicago-equity-partners-llc/1822598.html.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.