Crossvault Capital Management LLC Grows Holdings in Visa Inc (V)

Crossvault Capital Management LLC boosted its holdings in shares of Visa Inc (NYSE:V) by 20.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,665 shares of the credit-card processor’s stock after buying an additional 8,900 shares during the period. Visa makes up about 3.2% of Crossvault Capital Management LLC’s portfolio, making the stock its 13th largest position. Crossvault Capital Management LLC’s holdings in Visa were worth $5,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in V. Vanguard Group Inc. grew its stake in shares of Visa by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after acquiring an additional 2,628,148 shares in the last quarter. BlackRock Inc. grew its stake in shares of Visa by 1.3% in the 2nd quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock worth $10,751,846,000 after acquiring an additional 1,440,034 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Visa by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 15,971,471 shares of the credit-card processor’s stock worth $1,680,838,000 after acquiring an additional 355,320 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Visa by 20.3% in the 2nd quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after acquiring an additional 1,919,732 shares in the last quarter. Finally, Polen Capital Management LLC grew its stake in shares of Visa by 7.7% in the 2nd quarter. Polen Capital Management LLC now owns 10,425,812 shares of the credit-card processor’s stock worth $977,733,000 after acquiring an additional 745,312 shares in the last quarter. Hedge funds and other institutional investors own 81.50% of the company’s stock.

In other news, EVP Tullier Kelly Mahon sold 49,702 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $113.66, for a total value of $5,649,129.32. Following the sale, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP James H. Hoffmeister sold 2,146 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the completion of the sale, the senior vice president now directly owns 687 shares in the company, valued at $77,005.83. The disclosure for this sale can be found here. Insiders have sold 58,068 shares of company stock valued at $6,597,262 in the last quarter. Company insiders own 0.14% of the company’s stock.

Several analysts have recently issued reports on the stock. Wells Fargo & Co upgraded shares of Visa from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $107.01 to $120.00 in a research note on Tuesday, October 10th. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Cantor Fitzgerald assumed coverage on shares of Visa in a research report on Thursday, September 28th. They set an “overweight” rating and a $120.00 price target for the company. Buckingham Research increased their price target 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, Barclays increased their price target on shares of Visa from $114.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $119.53.

Visa Inc (V) opened at $116.08 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. The firm has a market cap of $263,060.00, a PE ratio of 41.46, a price-to-earnings-growth ratio of 1.67 and a beta of 0.99. Visa Inc has a 1 year low of $80.22 and a 1 year high of $117.36.

Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. sell-side analysts expect that Visa Inc will post 4.07 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2018/01/05/crossvault-capital-management-llc-grows-holdings-in-visa-inc-v.html.

About Visa

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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply