Visa Inc. $V is Barlow Wealth Partners Inc.’s 5th Largest Position

Barlow Wealth Partners Inc. lowered its position in Visa Inc. (NYSE:VFree Report) by 1.6% in the third quarter, HoldingsChannel reports. The firm owned 103,572 shares of the credit-card processor’s stock after selling 1,731 shares during the period. Visa makes up about 4.0% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 5th biggest holding. Barlow Wealth Partners Inc.’s holdings in Visa were worth $35,770,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. purchased a new position in Visa during the 2nd quarter valued at about $29,000. Sagard Holdings Management Inc. acquired a new stake in shares of Visa during the second quarter worth about $31,000. Bare Financial Services Inc boosted its stake in shares of Visa by 287.0% in the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the period. Hoese & Co LLP purchased a new position in shares of Visa in the second quarter valued at approximately $36,000. Finally, Quaker Wealth Management LLC grew its holdings in shares of Visa by 202.7% in the second quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 225 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on V shares. Morgan Stanley set a $398.00 price target on shares of Visa and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Bank of America upgraded Visa from a “neutral” rating to a “buy” rating and set a $382.00 target price for the company in a report on Thursday, December 11th. Raymond James Financial restated an “outperform” rating and set a $408.00 price target (up previously from $398.00) on shares of Visa in a report on Wednesday, October 29th. Hsbc Global Res raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Finally, Macquarie decreased their price objective on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $401.46.

Get Our Latest Stock Analysis on V

Insider Buying and Selling

In other news, Director Lloyd Carney sold 900 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the sale, the director owned 2,468 shares in the company, valued at approximately $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 2,172 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the sale, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,042 shares of company stock worth $8,247,289 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Trending Headlines about Visa

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Visa Trading Down 1.0%

NYSE V opened at $325.10 on Wednesday. The firm’s fifty day moving average price is $338.64 and its 200 day moving average price is $341.96. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $592.25 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.

Visa (NYSE:VGet Free Report) last announced its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. The firm had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.71 EPS. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

About Visa

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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