Clear Harbor Asset Management LLC Has $8.25 Million Holdings in Visa Inc. (NYSE:V)

Clear Harbor Asset Management LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,008 shares of the credit-card processor’s stock after purchasing an additional 501 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Visa were worth $8,251,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cordatus Wealth Management LLC grew its stake in shares of Visa by 0.3% in the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock worth $3,012,000 after acquiring an additional 37 shares in the last quarter. KMG Fiduciary Partners LLC boosted its holdings in Visa by 0.3% during the third quarter. KMG Fiduciary Partners LLC now owns 13,933 shares of the credit-card processor’s stock worth $3,831,000 after purchasing an additional 37 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in Visa by 15.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 270 shares of the credit-card processor’s stock worth $74,000 after purchasing an additional 37 shares in the last quarter. Tlwm increased its stake in Visa by 0.7% in the 2nd quarter. Tlwm now owns 5,241 shares of the credit-card processor’s stock valued at $1,376,000 after buying an additional 38 shares during the last quarter. Finally, Meridian Financial Partners LLC lifted its position in shares of Visa by 0.5% during the 2nd quarter. Meridian Financial Partners LLC now owns 8,160 shares of the credit-card processor’s stock worth $2,196,000 after buying an additional 38 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Visa stock opened at $281.73 on Monday. Visa Inc. has a 1-year low of $228.03 and a 1-year high of $293.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $513.40 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. The firm’s 50 day simple moving average is $279.02 and its 200 day simple moving average is $273.16.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Oppenheimer assumed coverage on Visa in a report on Tuesday, October 1st. They issued an “outperform” rating and a $318.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating and set a $322.00 target price on shares of Visa in a research report on Wednesday, September 25th. Royal Bank of Canada cut their price target on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group restated a “buy” rating and set a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Finally, StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $314.19.

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.