Visa Inc. (NYSE:V) Shares Purchased by Cromwell Holdings LLC

Cromwell Holdings LLC boosted its stake in Visa Inc. (NYSE:V) 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

Several research analysts recently weighed in on the company. Piper Sandler decreased their target price on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Morgan Stanley reissued an “overweight” rating and issued a $322.00 price target on shares of Visa in a research note on Wednesday, September 25th. Compass Point assumed coverage on Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price target on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $317.00 target price on shares of Visa in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. lifted their target price on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.19.

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.