Visa Inc. (NYSE:V) is Stock Yards Bank & Trust Co.’s 10th Largest Position

Stock Yards Bank & Trust Co. decreased its holdings in shares of Visa Inc. (NYSE:V) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,586 shares of the credit-card processor’s stock after selling 5,628 shares during the quarter. Visa comprises about 2.0% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 10th largest position. Stock Yards Bank & Trust Co.’s holdings in Visa were worth $61,834,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Hilltop National Bank purchased a new position in shares of Visa in the 1st quarter worth approximately $1,212,000. Absolute Capital Management LLC bought a new stake in Visa in the first quarter worth $404,000. SageView Advisory Group LLC lifted its position in Visa by 40.4% in the fourth quarter. SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s stock worth $6,967,000 after buying an additional 7,236 shares during the last quarter. Davidson Capital Management Inc. increased its position in Visa by 0.5% during the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock valued at $2,588,000 after acquiring an additional 44 shares during the last quarter. Finally, Empirical Finance LLC raised its stake in shares of Visa by 4.4% in the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock valued at $12,761,000 after acquiring an additional 1,914 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

NYSE V opened at $290.52 on Tuesday. The firm’s fifty day simple moving average is $268.78 and its two-hundred day simple moving average is $273.21. The firm has a market capitalization of $529.42 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter last year, the firm earned $2.16 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts forecast that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.72%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Analysts Set New Price Targets

V has been the subject of a number of recent analyst reports. Evercore ISI dropped their price target on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. William Blair raised Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Macquarie reissued an “outperform” rating and set a $300.00 price target on shares of Visa in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley reduced their target price on Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $309.81.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by insiders.

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.