Golub Group LLC grew its stake in Visa Inc (NYSE:V) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 339,897 shares of the credit-card processor’s stock after purchasing an additional 1,900 shares during the quarter. Visa makes up approximately 3.3% of Golub Group LLC’s investment portfolio, making the stock its 14th largest position. Golub Group LLC’s holdings in Visa were worth $35,771,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Visa in the second quarter worth about $958,000. Cordasco Financial Network purchased a new position in shares of Visa in the third quarter worth about $105,000. Motco lifted its stake in shares of Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after buying an additional 236 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in shares of Visa in the second quarter worth about $123,000. Finally, BDO Wealth Advisors LLC purchased a new position in shares of Visa in the second quarter worth about $115,000. Institutional investors and hedge funds own 81.50% of the company’s stock.
Shares of Visa Inc (V) opened at $120.09 on Friday. The stock has a market cap of $272,150.00, a P/E ratio of 42.89, a PEG ratio of 1.75 and a beta of 0.99. Visa Inc has a 52 week low of $80.76 and a 52 week high of $120.48. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.
Several research firms have recently weighed in on V. Wells Fargo & Co raised shares of Visa from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $107.01 to $120.00 in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Cantor Fitzgerald assumed coverage on shares of Visa in a research note on Thursday, September 28th. They set an “overweight” rating and a $120.00 target price on the stock. Vetr downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 target price on the stock. in a research note on Monday, January 8th. Finally, Buckingham Research lifted their target price on shares of Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $122.03.
In related news, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the transaction, the director now owns 57,368 shares in the company, valued at $6,526,183.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of the transaction, the executive vice president now owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. Insiders sold a total of 58,068 shares of company stock worth $6,597,262 over the last three months. Insiders own 0.14% of the company’s stock.
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Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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