Financial Management Professionals Inc. raised its stake in Visa Inc. (NYSE:V – Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 864 shares of the credit-card processor’s stock after purchasing an additional 38 shares during the period. Financial Management Professionals Inc.’s holdings in Visa were worth $238,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Advisors Ltd. LLC increased its holdings in Visa by 2.3% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 3,763 shares of the credit-card processor’s stock worth $1,035,000 after acquiring an additional 85 shares during the period. Goldstein Advisors LLC boosted its stake in shares of Visa by 3.7% in the 3rd quarter. Goldstein Advisors LLC now owns 2,384 shares of the credit-card processor’s stock valued at $655,000 after purchasing an additional 84 shares in the last quarter. Kavar Capital Partners Group LLC boosted its stake in shares of Visa by 0.6% in the 3rd quarter. Kavar Capital Partners Group LLC now owns 21,418 shares of the credit-card processor’s stock valued at $5,889,000 after purchasing an additional 124 shares in the last quarter. Clear Harbor Asset Management LLC boosted its stake in shares of Visa by 1.7% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 30,008 shares of the credit-card processor’s stock valued at $8,251,000 after purchasing an additional 501 shares in the last quarter. Finally, Smith Salley Wealth Management boosted its position in Visa by 2.9% during the 3rd quarter. Smith Salley Wealth Management now owns 109,274 shares of the credit-card processor’s stock valued at $30,045,000 after buying an additional 3,094 shares during the period. 82.15% of the stock is owned by institutional investors.
Visa Stock Performance
Shares of V stock opened at $281.73 on Monday. The company has a 50 day moving average price of $279.02 and a 200-day moving average price of $273.16. Visa Inc. has a 52 week low of $228.03 and a 52 week high of $293.07. The firm has a market capitalization of $513.40 billion, a PE ratio of 30.13, a P/E/G ratio of 1.95 and a beta of 0.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.
Wall Street Analyst Weigh In
Insider Transactions at Visa
In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.19% of the company’s stock.
About Visa
Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
Featured Articles
- Five stocks we like better than Visa
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- Market Cap Calculator: How to Calculate Market Cap
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- How to Read Stock Charts for Beginners
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
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.