Visa Inc. (NYSE:V) Shares Acquired by M3 Advisory Group LLC

M3 Advisory Group LLC raised its stake in shares of Visa Inc. (NYSE:V) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,958 shares of the credit-card processor’s stock after buying an additional 37 shares during the period. M3 Advisory Group LLC’s holdings in Visa were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Peterson Financial Group Inc. bought a new position in Visa during the third quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in Visa in the 4th quarter valued at about $26,000. Reston Wealth Management LLC bought a new position in shares of Visa during the 3rd quarter valued at about $31,000. Modus Advisors LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $32,000. Finally, West Financial Advisors LLC raised its holdings in shares of Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 73 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen lifted their target price on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird upped their target price on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Susquehanna increased their price target on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $335.52.

Visa Price Performance

NYSE V opened at $334.80 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $623.69 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $337.83. The company has a 50 day moving average price of $315.39 and a two-hundred day moving average price of $291.29.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the prior year, the company posted $2.33 earnings per share. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts predict that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.