Groupama Asset Management Ups Stake in Visa Inc.
Groupama Asset Management increased its stake in Visa Inc. (NYSE:V) by 4.8% during Q1, according to a recent SEC filing. The fund now owns 71,168 shares of the credit-card processor's stock after acquiring an additional 3,258 shares during the quarter. Groupama Asset Management's holdings in Visa were worth $21,510,000 as of its most recent SEC filing.
In addition to Groupama Asset Management, several other institutional investors have also recently bought and sold shares of Visa. Brighton Jones LLC boosted its stake in Visa by 50.1% during the 4th quarter, while Revolve Wealth Partners LLC grew its holdings in Visa by 68.9% in the same period.
Visa's stock price has been on the rise, with shares opening at $366.33 on Friday. The company's market capitalization is now over $657 billion, and its P/E ratio stands at 31.15. Analysts remain bullish on Visa, with a consensus rating of 'Buy' and an average price target of $411.77.