Joel Isaacson & Co. LLC Purchases 456 Shares of Visa Inc (V)

Joel Isaacson & Co. LLC boosted its position in Visa Inc (NYSE:V) by 12.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,046 shares of the credit-card processor’s stock after purchasing an additional 456 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Visa were worth $559,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in V. Capital Investment Advisors LLC grew its stake in Visa by 2.2% in the fourth quarter. Capital Investment Advisors LLC now owns 22,110 shares of the credit-card processor’s stock valued at $2,917,000 after purchasing an additional 479 shares in the last quarter. Howard Capital Management bought a new position in Visa in the fourth quarter valued at approximately $11,851,000. Peregrine Capital Management LLC grew its stake in Visa by 2.5% in the fourth quarter. Peregrine Capital Management LLC now owns 212,375 shares of the credit-card processor’s stock valued at $28,021,000 after purchasing an additional 5,178 shares in the last quarter. Advisors Capital Management LLC grew its stake in Visa by 16.3% in the fourth quarter. Advisors Capital Management LLC now owns 2,997 shares of the credit-card processor’s stock valued at $395,000 after purchasing an additional 420 shares in the last quarter. Finally, Wealth Architects LLC bought a new position in Visa in the fourth quarter valued at approximately $207,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on V shares. Piper Jaffray Companies restated an “overweight” rating and issued a $178.00 price target on shares of Visa in a research note on Friday, December 21st. Jefferies Financial Group started coverage on Visa in a research note on Monday, January 28th. They set a “buy” rating and a $135.99 target price for the company. Cantor Fitzgerald reiterated a “buy” rating and set a $160.00 target price on shares of Visa in a research note on Thursday, January 31st. Raymond James reiterated an “outperform” rating and set a $152.00 target price (down from $167.00) on shares of Visa in a research note on Thursday, January 31st. Finally, SunTrust Banks reiterated an “outperform” rating and set a $250.00 target price on shares of Visa in a research note on Friday, February 1st. One analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $163.74.

In related news, EVP Tullier Kelly Mahon sold 91,046 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $156.29, for a total value of $14,229,579.34. Following the completion of the sale, the executive vice president now directly owns 120,602 shares in the company, valued at approximately $18,848,886.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Ellen Richey sold 81,005 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total value of $11,339,889.95. The disclosure for this sale can be found here. Insiders sold a total of 193,531 shares of company stock valued at $28,797,949 over the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

V opened at $153.07 on Friday. The firm has a market capitalization of $308.63 billion, a P/E ratio of 33.20, a PEG ratio of 1.75 and a beta of 1.00. Visa Inc has a 1 year low of $116.03 and a 1 year high of $156.82. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.05. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.41 billion. Visa had a return on equity of 39.32% and a net margin of 50.61%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. On average, research analysts expect that Visa Inc will post 5.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 14th. This represents a $1.00 annualized dividend and a yield of 0.65%. Visa’s dividend payout ratio (DPR) is presently 21.69%.

COPYRIGHT VIOLATION NOTICE: “Joel Isaacson & Co. LLC Purchases 456 Shares of Visa Inc (V)” was first posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://transcriptdaily.com/2019/03/23/joel-isaacson-co-llc-purchases-456-shares-of-visa-inc-v.html.

Visa Company Profile

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.

Recommended Story: Average Daily Trade Volume – What You Need to Know

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.