3,079 Shares in Visa Inc (NYSE:V) Acquired by Csenge Advisory Group
Csenge Advisory Group acquired a new position in Visa Inc (NYSE:V) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,079 shares of the credit-card processor’s stock, valued at approximately $324,000.
A number of other institutional investors and hedge funds also recently modified their holdings of V. Cordasco Financial Network purchased a new position in Visa in the 3rd quarter worth approximately $105,000. Motco raised its holdings in Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares during the last quarter. BDO Wealth Advisors LLC purchased a new position in Visa in the 2nd quarter worth approximately $115,000. Mascoma Wealth Management LLC bought a new stake in Visa in the 2nd quarter worth approximately $122,000. Finally, MPS Loria Financial Planners LLC bought a new stake in Visa in the 2nd quarter worth approximately $123,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
A number of research firms have commented on V. Wells Fargo & Co raised shares of Visa from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $107.01 to $120.00 in a research report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Vetr downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 price objective for the company. in a research report on Monday, January 8th. Buckingham Research boosted their price objective on shares of Visa from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Cowen reissued a “buy” rating and set a $129.00 price objective on shares of Visa in a research report on Friday, January 12th. Four research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Visa presently has a consensus rating of “Buy” and an average price target of $124.52.
Shares of Visa Inc (NYSE:V) traded down $1.48 during midday trading on Monday, hitting $124.84. 6,256,953 shares of the stock traded hands, compared to its average volume of 7,510,000. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $282,910.00, a PE ratio of 44.59, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. Visa Inc has a 52-week low of $81.57 and a 52-week high of $126.88.
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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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