HM Payson & Co. Sells 2,274 Shares of Visa Inc (V)
HM Payson & Co. reduced its position in Visa Inc (NYSE:V) by 1.1% in the third quarter, Holdings Channel reports. The institutional investor owned 201,008 shares of the credit-card processor’s stock after selling 2,274 shares during the period. HM Payson & Co.’s holdings in Visa were worth $21,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Krilogy Financial LLC boosted its holdings in shares of Visa by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 7 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in shares of Visa by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after acquiring an additional 20 shares during the period. Baker Ellis Asset Management LLC boosted its holdings in shares of Visa by 0.3% in the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after acquiring an additional 20 shares during the period. Lakeview Capital Partners LLC boosted its holdings in shares of Visa by 0.8% in the second quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock worth $402,000 after acquiring an additional 34 shares during the period. Finally, Raab & Moskowitz Asset Management LLC boosted its holdings in shares of Visa by 0.5% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock worth $739,000 after acquiring an additional 38 shares during the period. 81.55% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on V shares. Mizuho reaffirmed a “buy” rating and issued a $115.00 price target on shares of Visa in a report on Thursday, October 12th. Citigroup reaffirmed a “buy” rating and issued a $136.00 price target (up from $124.00) on shares of Visa in a report on Friday, January 12th. BMO Capital Markets lifted their price objective on Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $113.35 price objective for the company. in a research note on Wednesday, October 25th. Finally, Robert W. Baird reissued a “buy” rating and set a $122.00 price objective on shares of Visa in a research note on Tuesday, September 26th. Four equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Visa presently has an average rating of “Buy” and an average price target of $122.03.
Shares of Visa Inc (V) opened at $122.70 on Friday. Visa Inc has a 12-month low of $81.50 and a 12-month high of $123.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $278,060.00, a PE ratio of 43.82, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter last year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. equities research analysts forecast that Visa Inc will post 4.08 EPS for the current fiscal year.
In other Visa 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 sale, the executive vice president now owns 76,202 shares in the company, valued at $8,661,119.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares in the company, valued at approximately $77,005.83. The disclosure for this sale can be found here. Insiders have sold 58,068 shares of company stock worth $6,597,262 in the last 90 days. Company insiders own 0.14% of the company’s stock.
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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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