Financial Management Professionals Inc. Buys 38 Shares of Visa Inc. (NYSE:V)

by · The Cerbat Gem

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

V has been the subject of several analyst reports. Jefferies Financial Group dropped their price target on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods raised shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Bank of America increased their price target on shares of Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. William Blair raised shares of Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Finally, Compass Point initiated coverage on shares of Visa in a research report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price for the company. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.19.

Read Our Latest Analysis on V

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

(Free Report)

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.

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