Cromwell Holdings LLC boosted its stake in Visa Inc. (NYSE:V – Free Report) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,978 shares of the credit-card processor’s stock after buying an additional 206 shares during the period. Visa accounts for approximately 0.9% of Cromwell Holdings LLC’s investment portfolio, making the stock its 16th largest holding. Cromwell Holdings LLC’s holdings in Visa were worth $1,369,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Elwood & Goetz Wealth Advisory Group LLC acquired a new position in shares of Visa during the third quarter valued at $314,000. Legacy Wealth Asset Management LLC boosted its stake in Visa by 1.3% during the third quarter. Legacy Wealth Asset Management LLC now owns 6,857 shares of the credit-card processor’s stock valued at $1,885,000 after buying an additional 89 shares in the last quarter. Tarbox Family Office Inc. bought a new position in Visa during the third quarter valued at about $207,000. Sigma Investment Counselors Inc. boosted its stake in Visa by 2.8% during the third quarter. Sigma Investment Counselors Inc. now owns 16,124 shares of the credit-card processor’s stock valued at $4,433,000 after buying an additional 443 shares in the last quarter. Finally, Pettinga Financial Advisors LLC bought a new position in Visa during the third quarter valued at about $228,000. 82.15% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.19% of the company’s stock.
Analyst Ratings Changes
View Our Latest Report on Visa
Visa Stock Down 0.5 %
V opened at $281.73 on Friday. The business has a 50 day moving average price of $279.02 and a 200 day moving average price of $273.17. Visa Inc. has a twelve month low of $228.03 and a twelve month high of $293.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $515.27 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96.
About Visa
Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
Featured Stories
- Five stocks we like better than Visa
- Top Stocks Investing in 5G Technology
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Financial Services Stocks Investing
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- 3 Grocery Stocks That Are Proving They Are Still Essential
- MarketBeat Week in Review – 10/21- 10/25
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.