Trust Co of Kansas Raises Stake in Visa Inc. (NYSE:V)

Trust Co of Kansas grew its stake in shares of Visa Inc. (NYSE:V) by 38.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,802 shares of the credit-card processor’s stock after acquiring an additional 5,194 shares during the period. Visa makes up approximately 2.7% of Trust Co of Kansas’ portfolio, making the stock its 18th largest position. Trust Co of Kansas’ holdings in Visa were worth $4,895,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in V. Altshuler Shaham Ltd purchased a new stake in Visa in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the 4th quarter worth approximately $32,000. Nalls Sherbakoff Group LLC grew its stake in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares during the period. Valued Wealth Advisors LLC purchased a new stake in Visa in the 4th quarter worth approximately $37,000. Finally, Life Planning Partners Inc purchased a new stake in Visa in the 4th quarter worth approximately $71,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

Shares of NYSE:V traded up $2.25 during trading on Wednesday, reaching $276.36. 4,181,242 shares of the company’s stock traded hands, compared to its average volume of 5,853,114. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a 50 day moving average of $279.49 and a 200-day moving average of $263.90. The stock has a market capitalization of $507.54 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is presently 23.94%.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group lifted their target price on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. KeyCorp boosted their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday. Barclays upped their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, Citigroup upped their price target on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $302.43.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,965 shares of company stock worth $5,256,352. Insiders own 0.19% of the company’s stock.

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.