G&S Capital LLC Boosts Holdings in Visa Inc (NYSE:V)

Share on StockTwits

G&S Capital LLC boosted its position in Visa Inc (NYSE:V) by 775.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,209 shares of the credit-card processor’s stock after buying an additional 3,728 shares during the period. G&S Capital LLC’s holdings in Visa were worth $724,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of V. Gladstone Institutional Advisory LLC boosted its position in shares of Visa by 16.4% during the 2nd quarter. Gladstone Institutional Advisory LLC now owns 5,560 shares of the credit-card processor’s stock worth $965,000 after purchasing an additional 782 shares in the last quarter. Asset Dedication LLC raised its stake in shares of Visa by 4.2% during the 2nd quarter. Asset Dedication LLC now owns 16,109 shares of the credit-card processor’s stock worth $2,799,000 after buying an additional 647 shares during the last quarter. Alera Investment Advisors LLC raised its stake in shares of Visa by 5.7% during the 2nd quarter. Alera Investment Advisors LLC now owns 1,599 shares of the credit-card processor’s stock worth $278,000 after buying an additional 86 shares during the last quarter. Castle Rock Wealth Management LLC raised its stake in shares of Visa by 45.4% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 12,411 shares of the credit-card processor’s stock worth $2,154,000 after buying an additional 3,876 shares during the last quarter. Finally, Doliver Advisors LP raised its stake in shares of Visa by 16.8% during the 2nd quarter. Doliver Advisors LP now owns 14,848 shares of the credit-card processor’s stock worth $2,577,000 after buying an additional 2,134 shares during the last quarter. Hedge funds and other institutional investors own 81.02% of the company’s stock.

In related news, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $182.73, for a total value of $639,555.00. Following the completion of the transaction, the director now owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denise M. Morrison bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $171.13 per share, with a total value of $171,130.00. Following the purchase, the director now directly owns 3,223 shares in the company, valued at approximately $551,551.99. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

Several research analysts have recently issued reports on V shares. Piper Jaffray Companies set a $207.00 price target on Visa and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price target on Visa from $166.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Credit Suisse Group lifted their price target on Visa from $200.00 to $203.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Robert W. Baird set a $196.00 price target on Visa and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Co lifted their price target on Visa from $181.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $196.57.

Shares of V stock opened at $175.71 on Friday. The firm has a 50-day moving average price of $177.09 and a 200 day moving average price of $171.45. Visa Inc has a twelve month low of $121.60 and a twelve month high of $187.05. The company has a market capitalization of $353.02 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 1.83 and a beta of 0.96. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts predict that Visa Inc will post 5.41 earnings per share for the current year.

About Visa

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.

Recommended Story: What are Closed-End Mutual Funds?

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Host Hotels and Resorts Inc Forecasted to Earn FY2019 Earnings of $1.75 Per Share
Host Hotels and Resorts Inc Forecasted to Earn FY2019 Earnings of $1.75 Per Share
Envestnet Asset Management Inc. Sells 32,647 Shares of Invesco Senior Income Trust
Envestnet Asset Management Inc. Sells 32,647 Shares of Invesco Senior Income Trust
SPDR Russell 1000 Yield Focus ETF  Stock Position Increased by Envestnet Asset Management Inc.
SPDR Russell 1000 Yield Focus ETF Stock Position Increased by Envestnet Asset Management Inc.
Envestnet Asset Management Inc. Acquires 2,941 Shares of M.D.C. Holdings, Inc.
Envestnet Asset Management Inc. Acquires 2,941 Shares of M.D.C. Holdings, Inc.
Capital Wealth Management LLC Reduces Stock Position in iShares Edge MSCI Min Vol EAFE ETF
Capital Wealth Management LLC Reduces Stock Position in iShares Edge MSCI Min Vol EAFE ETF
2U  Issues Quarterly  Earnings Results
2U Issues Quarterly Earnings Results


 
© 2006-2019 Zolmax.