Visa Inc. (NYSE:V) Holdings Reduced by Central Bank & Trust Co.

Central Bank & Trust Co. reduced its position in shares of Visa Inc. (NYSE:V) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,114 shares of the credit-card processor’s stock after selling 141 shares during the period. Visa makes up about 1.6% of Central Bank & Trust Co.’s investment portfolio, making the stock its 18th largest position. Central Bank & Trust Co.’s holdings in Visa were worth $11,304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of V. Yacktman Asset Management LP bought a new position in Visa during the third quarter valued at about $201,000. James J. Burns & Company LLC increased its holdings in Visa by 6.1% in the third quarter. James J. Burns & Company LLC now owns 1,931 shares of the credit-card processor’s stock valued at $530,000 after purchasing an additional 111 shares during the last quarter. FSM Wealth Advisors LLC raised its holdings in Visa by 1.9% in the third quarter. FSM Wealth Advisors LLC now owns 10,376 shares of the credit-card processor’s stock worth $2,853,000 after purchasing an additional 197 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in shares of Visa by 2.1% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,952 shares of the credit-card processor’s stock valued at $1,364,000 after purchasing an additional 101 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. raised its holdings in shares of Visa by 16.9% during the third quarter. Quintet Private Bank Europe S.A. now owns 261,166 shares of the credit-card processor’s stock worth $71,808,000 after acquiring an additional 37,823 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird upped their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group restated a “buy” rating and issued a $317.00 price target on shares of Visa in a research note on Thursday, September 12th. Mizuho upped their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Visa Trading Up 0.5 %

V opened at $293.36 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $534.59 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.96 and a beta of 0.95. Visa Inc. has a 52 week low of $240.97 and a 52 week high of $296.34. The business has a fifty day simple moving average of $281.92 and a 200-day simple moving average of $273.97.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.33 EPS. On average, equities analysts expect that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is 21.38%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by insiders.

Visa 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.