Lebenthal Global Advisors LLC Has $1.75 Million Stock Position in Visa Inc. (NYSE:V)

Lebenthal Global Advisors LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,526 shares of the credit-card processor’s stock after purchasing an additional 186 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Visa were worth $1,746,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of V. Peterson Financial Group Inc. acquired a new position in shares of Visa in the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter valued at $26,000. Reston Wealth Management LLC bought a new position in shares of Visa during the 3rd quarter worth about $31,000. Modus Advisors LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $32,000. Finally, West Financial Advisors LLC increased its stake in Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares during the period. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on V. Bank of America raised their price target on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. BMO Capital Markets increased their price objective on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their target price on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $335.52.

Visa Trading Up 0.6 %

NYSE V opened at $336.45 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $337.83. The company has a market capitalization of $626.76 billion, a PE ratio of 34.58, a P/E/G ratio of 2.17 and a beta of 0.96. The stock has a 50-day simple moving average of $315.85 and a 200 day simple moving average of $291.78.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the company posted $2.33 EPS. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts forecast that Visa Inc. will post 11.19 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.