Forbes J M & Co. LLP Has $17.61 Million Stock Holdings in Visa Inc. (NYSE:V)

Forbes J M & Co. LLP lessened its holdings in shares of Visa Inc. (NYSE:V) by 1.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 64,054 shares of the credit-card processor’s stock after selling 1,059 shares during the period. Visa accounts for 1.7% of Forbes J M & Co. LLP’s portfolio, making the stock its 16th largest position. Forbes J M & Co. LLP’s holdings in Visa were worth $17,612,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. POM Investment Strategies LLC grew its holdings in shares of Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 97 shares during the period. TruNorth Capital Management LLC grew its holdings in shares of Visa by 211.9% in the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares during the period. Bbjs Financial Advisors LLC acquired a new position in shares of Visa in the 2nd quarter valued at $35,000. CarsonAllaria Wealth Management Ltd. acquired a new position in Visa in the 2nd quarter worth $35,000. Finally, Abich Financial Wealth Management LLC boosted its stake in Visa by 52.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock worth $37,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by company insiders.

Visa Price Performance

Shares of NYSE:V opened at $281.96 on Wednesday. The firm has a market cap of $515.69 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. The firm’s fifty day moving average is $279.65 and its 200-day moving average is $273.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. Visa Inc. has a 52 week low of $230.03 and a 52 week high of $293.07.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Piper Sandler reduced their target price on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. TD Cowen reduced their target price on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Bank of America upped their target price on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods raised shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Macquarie reissued an “outperform” rating and set a $300.00 price target on shares of Visa in a research report on Friday, September 27th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.19.

Visa Company Profile

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.