Aries Wealth Management boosted its holdings in shares of Visa Inc (NYSE:V) by 3.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,454 shares of the credit-card processor’s stock after buying an additional 345 shares during the period. Visa comprises about 1.2% of Aries Wealth Management’s portfolio, making the stock its 21st biggest holding. Aries Wealth Management’s holdings in Visa were worth $2,090,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Cedar Mountain Advisors LLC boosted its position in Visa by 102.6% during the second quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 80 shares during the period. CVA Family Office LLC acquired a new stake in shares of Visa in the first quarter worth $32,000. Price Wealth LLC grew its stake in Visa by 90.0% in the 2nd quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock valued at $37,000 after buying an additional 90 shares during the last quarter. Centerpoint Advisors LLC acquired a new position in Visa in the 2nd quarter valued at $43,000. Finally, American Research & Management Co. grew its stake in Visa by 27.1% in the 2nd quarter. American Research & Management Co. now owns 267 shares of the credit-card processor’s stock valued at $52,000 after buying an additional 57 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of V opened at $200.26 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.59. The stock has a market cap of $388.98 billion, a PE ratio of 38.14, a PEG ratio of 3.05 and a beta of 0.90. Visa Inc has a 1 year low of $133.93 and a 1 year high of $217.35. The stock has a 50 day simple moving average of $203.88 and a 200-day simple moving average of $191.62.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.85 billion. Visa had a return on equity of 40.65% and a net margin of 51.37%. The business’s revenue was down 18.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 earnings per share. On average, sell-side analysts forecast that Visa Inc will post 5.01 EPS for the current fiscal year.

V has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $243.00 price target on shares of Visa in a research report on Sunday, October 11th. JPMorgan Chase & Co. raised their target price on Visa from $186.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Oppenheimer assumed coverage on Visa in a report on Tuesday, June 23rd. They set an “outperform” rating and a $202.00 price target for the company. Mizuho reissued a “buy” rating and issued a $250.00 price objective on shares of Visa in a research report on Thursday, October 8th. Finally, Bank of America boosted their target price on shares of Visa from $227.00 to $234.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Six investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $214.72.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $200.82, for a total transaction of $1,405,740.00. Following the completion of the sale, the chief executive officer now owns 124,090 shares of the company’s stock, valued at $24,919,753.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lloyd Carney sold 1,550 shares of Visa stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $192.64, for a total transaction of $298,592.00. Following the completion of the transaction, the director now owns 2,962 shares of the company’s stock, valued at approximately $570,599.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,122 shares of company stock worth $24,748,541. 0.19% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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