Harbour Capital Advisors LLC raised its stake in Visa Inc (NYSE:V) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,409 shares of the credit-card processor’s stock after acquiring an additional 292 shares during the quarter. Visa comprises approximately 1.7% of Harbour Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Harbour Capital Advisors LLC’s holdings in Visa were worth $3,484,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of V. Highwater Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $33,000. Ironwood Financial llc grew its position in shares of Visa by 67.5% during the 4th quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock worth $44,000 after buying an additional 135 shares during the period. Contravisory Investment Management Inc. grew its position in shares of Visa by 180.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 396 shares of the credit-card processor’s stock worth $52,000 after buying an additional 255 shares during the period. G&S Capital LLC grew its position in shares of Visa by 86.0% during the 4th quarter. G&S Capital LLC now owns 519 shares of the credit-card processor’s stock worth $68,000 after buying an additional 240 shares during the period. Finally, First Command Bank grew its position in shares of Visa by 70.8% during the 4th quarter. First Command Bank now owns 1,030 shares of the credit-card processor’s stock worth $136,000 after buying an additional 427 shares during the period. Hedge funds and other institutional investors own 80.94% of the company’s stock.
V traded down $0.28 during trading on Friday, reaching $160.16. The company had a trading volume of 7,859,406 shares, compared to its average volume of 7,888,367. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.50 and a current ratio of 1.50. Visa Inc has a 12 month low of $119.37 and a 12 month high of $161.10. The firm has a market cap of $321.50 billion, a P/E ratio of 34.74, a PEG ratio of 1.83 and a beta of 1.00.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s payout ratio is currently 21.69%.
V has been the subject of several analyst reports. Nomura lifted their price target on shares of Visa from $151.00 to $175.00 in a research report on Thursday, April 11th. Cantor Fitzgerald restated a “buy” rating and set a $160.00 price objective on shares of Visa in a report on Thursday, January 31st. Jefferies Financial Group started coverage on shares of Visa in a report on Monday, January 28th. They set a “buy” rating and a $135.99 price objective for the company. restated a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Finally, Deutsche Bank boosted their price objective on shares of Visa from $160.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, March 21st. One analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $169.68.
In other news, Vice Chairman Ellen Richey sold 81,005 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total value of $11,339,889.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James H. Hoffmeister sold 6,480 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total transaction of $978,480.00. Following the completion of the sale, the senior vice president now directly owns 6,480 shares in the company, valued at approximately $978,480. The disclosure for this sale can be found here. In the last ninety days, insiders sold 193,531 shares of company stock worth $28,797,949. Insiders own 0.17% of the company’s stock.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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