Homrich & Berg Has $6.96 Million Stock Holdings in Visa Inc. (NYSE:V)

Homrich & Berg increased its stake in shares of Visa Inc. (NYSE:V) by 10.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,850 shares of the credit-card processor’s stock after acquiring an additional 3,239 shares during the period. Homrich & Berg’s holdings in Visa were worth $6,955,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Eukles Asset Management bought a new stake in Visa in the 1st quarter valued at about $39,000. Mach 1 Financial Group Inc. acquired a new position in Visa during the 4th quarter worth approximately $42,000. TFO TDC LLC bought a new stake in Visa during the 1st quarter worth approximately $43,000. ADE LLC bought a new stake in Visa during the 4th quarter worth approximately $63,000. Finally, Lloyd Advisory Services LLC. boosted its stake in shares of Visa by 101.8% in the 1st quarter. Lloyd Advisory Services LLC. now owns 335 shares of the credit-card processor’s stock valued at $71,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 81.11% of the company’s stock.

In other news, Director Robert W. Matschullat sold 3,783 shares of Visa stock in a transaction that occurred on Thursday, May 6th. The stock was sold at an average price of $230.37, for a total value of $871,489.71. Following the sale, the director now directly owns 27,234 shares of the company’s stock, valued at $6,273,896.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction on Friday, April 30th. The stock was sold at an average price of $235.32, for a total value of $2,117,880.00. Following the transaction, the chief executive officer now directly owns 160,112 shares in the company, valued at approximately $37,677,555.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,047 shares of company stock valued at $20,834,001. 0.19% of the stock is owned by company insiders.

V has been the topic of several research analyst reports. Susquehanna increased their target price on shares of Visa from $250.00 to $265.00 and gave the stock a “positive” rating in a research note on Wednesday, April 28th. Barclays increased their target price on shares of Visa from $275.00 to $284.00 and gave the company an “overweight” rating in a report on Sunday, June 6th. Robert W. Baird increased their target price on shares of Visa from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, July 15th. Royal Bank of Canada restated a “buy” rating on shares of Visa in a report on Wednesday, May 5th. Finally, Wells Fargo & Company raised their price objective on shares of Visa from $240.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. Twenty-two analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $258.92.

Shares of Visa stock traded down $0.03 during trading on Thursday, hitting $243.63. 56,082 shares of the stock traded hands, compared to its average volume of 7,176,039. The stock has a market cap of $474.58 billion, a price-to-earnings ratio of 50.34, a P/E/G ratio of 2.31 and a beta of 0.99. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.61. Visa Inc. has a 52-week low of $179.23 and a 52-week high of $250.46. The firm’s fifty day moving average is $233.70.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 27th. The credit-card processor reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.12. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.54 billion. Visa had a return on equity of 33.86% and a net margin of 49.93%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.39 earnings per share. On average, equities research analysts anticipate that Visa Inc. will post 5.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Thursday, May 13th. Visa’s payout ratio is 25.40%.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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