Berman Capital Advisors LLC Has $592000 Stake in Visa Inc (V)


Berman Capital Advisors LLC lifted its stake in Visa Inc (NYSE:V) by 14.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,936 shares of the credit-card processor’s stock after buying an additional 502 shares during the quarter. Berman Capital Advisors LLC’s holdings in Visa were worth $592,000 at the end of the most recent reporting period.


Several other hedge funds also recently added to or reduced their stakes in the company. Fundsmith Equity Fund L.P. bought a new position in Visa during the second quarter valued at $757,597,000. Vontobel Asset Management Inc. bought a new position in shares of Visa in the second quarter worth about $471,495,000. FMR LLC grew its holdings in shares of Visa by 2.9% in the second quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock worth $11,320,026,000 after purchasing an additional 2,398,540 shares during the last quarter. Chevy Chase Trust Holdings Inc. bought a new position in shares of Visa in the second quarter worth about $268,605,000. Finally, OppenheimerFunds Inc. grew its holdings in shares of Visa by 11,300.1% in the second quarter. OppenheimerFunds Inc. now owns 1,842,250 shares of the credit-card processor’s stock worth $244,007,000 after purchasing an additional 1,826,090 shares during the last quarter. 80.10% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP William M. Sheedy sold 99,636 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $139.28, for a total value of $13,877,302.08. Following the transaction, the executive vice president now owns 296,925 shares in the company, valued at approximately $41,355,714. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP William M. Sheedy sold 3,643 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $133.07, for a total transaction of $484,774.01. Following the completion of the transaction, the executive vice president now owns 241,983 shares in the company, valued at approximately $32,200,677.81. The disclosure for this sale can be found here. Insiders sold a total of 119,395 shares of company stock valued at $16,697,489 over the last ninety days. 0.17% of the stock is currently owned by insiders.

V stock opened at $138.06 on Friday. The stock has a market cap of $279.18 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 1.50 and a beta of 1.06. Visa Inc has a one year low of $111.02 and a one year high of $151.56. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.44 billion. Visa had a net margin of 49.98% and a return on equity of 38.00%. Analysts predict that Visa Inc will post 5.33 earnings per share for the current year.

A number of analysts recently weighed in on V shares. Bank of America reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Visa in a research note on Monday, September 17th. Goldman Sachs Group lowered shares of Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 price objective for the company. in a research note on Monday, September 17th. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Tuesday, September 25th. BMO Capital Markets started coverage on shares of Visa in a research note on Wednesday, September 26th. They issued an “outperform” rating and a $187.00 price objective for the company. Finally, Wells Fargo & Co upped their price objective on shares of Visa from $161.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $159.14.

About Visa

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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