TPG Financial Advisors LLC Buys 146 Shares of Visa Inc (NYSE:V)
TPG Financial Advisors LLC increased its stake in shares of Visa Inc (NYSE:V) by 11.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,427 shares of the credit-card processor’s stock after acquiring an additional 146 shares during the quarter. TPG Financial Advisors LLC’s holdings in Visa were worth $285,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ridgewood Investments LLC bought a new position in Visa during the second quarter valued at approximately $239,000. Wills Financial Group Inc. increased its stake in Visa by 3.4% in the 2nd quarter. Wills Financial Group Inc. now owns 31,441 shares of the credit-card processor’s stock worth $6,074,000 after acquiring an additional 1,023 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. raised its holdings in shares of Visa by 4.1% during the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 3,160 shares of the credit-card processor’s stock worth $632,000 after acquiring an additional 125 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Visa by 5.0% during the 2nd quarter. Whittier Trust Co. now owns 429,246 shares of the credit-card processor’s stock valued at $82,917,000 after acquiring an additional 20,413 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in shares of Visa by 98.0% during the 2nd quarter. DNB Asset Management AS now owns 605,889 shares of the credit-card processor’s stock valued at $117,040,000 after acquiring an additional 299,941 shares during the last quarter. 80.74% of the stock is owned by institutional investors.
Shares of V stock opened at $200.26 on Friday. The company 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’s 50-day simple moving average is $203.88 and its two-hundred day simple moving average is $191.62. Visa Inc has a one year low of $133.93 and a one year high of $217.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.55.
In other Visa news, Director Lloyd Carney sold 1,550 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $192.64, for a total transaction of $298,592.00. Following the transaction, the director now directly owns 2,962 shares in the company, valued at approximately $570,599.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $195.00, for a total transaction of $1,365,000.00. Following the transaction, the chief executive officer now directly owns 130,090 shares in the company, valued at approximately $25,367,550. The disclosure for this sale can be found here. Insiders sold a total of 118,122 shares of company stock valued at $24,748,541 over the last quarter. Company insiders own 0.19% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Raymond James upped their price target on shares of Visa from $204.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Daiwa Capital Markets reaffirmed a “neutral” rating and issued a $204.00 price target on shares of Visa in a report on Tuesday, July 21st. Mizuho reiterated a “buy” rating and issued a $250.00 price target on shares of Visa in a research report on Thursday, October 8th. Wells Fargo & Company upped their price objective on Visa from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, KeyCorp lifted their target price on Visa from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 21st. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Visa has a consensus rating of “Buy” and a consensus target price of $214.72.
Visa Company 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.
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