Honkamp Krueger Financial Services Inc. lifted its holdings in shares of Visa Inc (NYSE:V) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,813 shares of the credit-card processor’s stock after buying an additional 2,151 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Visa were worth $2,506,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Visa by 2.1% during the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after purchasing an additional 2,628,148 shares during the period. BlackRock Inc. grew its holdings in Visa by 1.3% during the second quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock valued at $10,751,846,000 after purchasing an additional 1,440,034 shares during the period. Fisher Asset Management LLC grew its holdings in Visa by 2.3% during the third quarter. Fisher Asset Management LLC now owns 15,971,471 shares of the credit-card processor’s stock valued at $1,680,838,000 after purchasing an additional 355,320 shares during the period. Capital Research Global Investors grew its holdings in Visa by 20.3% during the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock valued at $1,068,613,000 after purchasing an additional 1,919,732 shares during the period. Finally, Polen Capital Management LLC grew its holdings in Visa by 7.7% during the second quarter. Polen Capital Management LLC now owns 10,425,812 shares of the credit-card processor’s stock valued at $977,733,000 after purchasing an additional 745,312 shares during the period. Institutional investors own 81.50% of the company’s stock.
Shares of Visa Inc (NYSE:V) traded up $0.25 during mid-day trading on Friday, hitting $120.09. 5,559,600 shares of the stock were exchanged, compared to its average volume of 8,920,000. 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 company has a market capitalization of $272,150.00, a price-to-earnings ratio of 42.89, a PEG ratio of 1.75 and a beta of 0.99. Visa Inc has a twelve month low of $80.51 and a twelve month high of $120.48.
Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. equities analysts predict that Visa Inc will post 4.07 EPS for the current year.
In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the sale, the senior vice president now directly owns 687 shares of the company’s stock, valued at $77,005.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the company’s stock in a transaction on 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 directly owns 76,202 shares in the company, valued at $8,661,119.32. The disclosure for this sale can be found here. In the last three months, insiders sold 58,068 shares of company stock worth $6,597,262. 0.14% of the stock is currently owned by insiders.
A number of brokerages recently issued reports on V. Wells Fargo & Co upgraded shares of Visa from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $107.01 to $120.00 in a report on Tuesday, October 10th. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Cantor Fitzgerald began coverage on shares of Visa in a report on Thursday, September 28th. They set an “overweight” rating and a $120.00 price objective for the company. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 price objective for the company. in a report on Monday, January 8th. Finally, Buckingham Research boosted their price objective on shares of Visa from $129.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Four analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $122.03.
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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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