First Capital Advisors Group LLC. lessened its stake in shares of Visa Inc (NYSE:V) by 24.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,115 shares of the credit-card processor’s stock after selling 1,681 shares during the quarter. First Capital Advisors Group LLC.’s holdings in Visa were worth $538,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of V. Verity & Verity LLC raised its position in shares of Visa by 30.9% during the third quarter. Verity & Verity LLC now owns 3,957 shares of the credit-card processor’s stock valued at $416,000 after buying an additional 935 shares during the last quarter. First Merchants Corp bought a new stake in shares of Visa during the third quarter valued at approximately $6,128,000. Whalerock Point Partners LLC raised its position in shares of Visa by 13.5% during the third quarter. Whalerock Point Partners LLC now owns 65,520 shares of the credit-card processor’s stock valued at $6,895,000 after buying an additional 7,795 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Visa during the third quarter valued at approximately $218,000. Finally, Wedbush Securities Inc. raised its position in shares of Visa by 1.1% during the third quarter. Wedbush Securities Inc. now owns 45,393 shares of the credit-card processor’s stock valued at $4,777,000 after buying an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 81.55% of the company’s stock.
Shares of Visa Inc (V) opened at $120.09 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90. Visa Inc has a 52-week low of $80.76 and a 52-week high of $120.48. The company has a market capitalization of $272,150.00, a P/E ratio of 42.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99.
A number of research firms recently weighed in on V. Cowen reaffirmed a “buy” rating and set a $129.00 price objective on shares of Visa in a research note on Friday. Citigroup reissued a “buy” rating and set a $136.00 target price (up from $124.00) on shares of Visa in a research note on Friday. Wells Fargo & Co reissued an “outperform” rating and set a $135.00 target price (up from $127.00) on shares of Visa in a research note on Tuesday, January 9th. Stephens reissued a “buy” rating and set a $135.00 target price on shares of Visa in a research note on Wednesday, January 10th. Finally, Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 target price for the company. in a research note on Monday, January 8th. Four analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $122.03.
In related news, EVP Tullier Kelly Mahon sold 49,702 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of the transaction, the executive vice president now directly owns 76,202 shares in the company, valued at approximately $8,661,119.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the transaction, the senior vice president now owns 687 shares of the company’s stock, valued at $77,005.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,068 shares of company stock valued at $6,597,262. 0.14% of the stock is owned by corporate insiders.
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.
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