2,058 Shares in Visa Inc. $V Acquired by Brian Low Financial Group LLC

Brian Low Financial Group LLC acquired a new position in Visa Inc. (NYSE:V) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,058 shares of the credit-card processor’s stock, valued at approximately $731,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of V. Keystone Global Partners LLC bought a new position in Visa in the first quarter worth approximately $26,000. von Borstel & Associates Inc. bought a new position in Visa in the first quarter worth approximately $27,000. Family Legacy Financial Solutions LLC bought a new position in Visa in the second quarter worth approximately $28,000. Harbor Asset Planning Inc. bought a new position in Visa in the second quarter worth approximately $29,000. Finally, Cranbrook Wealth Management LLC grew its stake in Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Macquarie increased their target price on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Citigroup raised Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th. Robert W. Baird set a $410.00 target price on Visa and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $415.00 target price (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $392.75.

Visa Stock Performance

Shares of V opened at $347.71 on Tuesday. Visa Inc. has a 12 month low of $281.35 and a 12 month high of $375.51. The stock has a fifty day moving average price of $344.89 and a 200-day moving average price of $348.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market cap of $637.28 billion, a PE ratio of 33.96, a P/E/G ratio of 2.05 and a beta of 0.90.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.42 EPS. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $183,815.10. This trade represents a 95.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Visa Company Profile

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.