Smithfield Trust Co Increases Position in Visa Inc. (NYSE:V)

Smithfield Trust Co lifted its position in shares of Visa Inc. (NYSE:VFree Report) by 0.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,191 shares of the credit-card processor’s stock after buying an additional 100 shares during the period. Smithfield Trust Co’s holdings in Visa were worth $3,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. HWG Holdings LP increased its stake in shares of Visa by 18.4% during the 2nd quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock worth $64,000 after purchasing an additional 42 shares during the last quarter. Gateway Advisory LLC grew its stake in Visa by 3.7% in the 2nd quarter. Gateway Advisory LLC now owns 1,191 shares of the credit-card processor’s stock valued at $283,000 after buying an additional 43 shares during the last quarter. Powers Advisory Group LLC grew its stake in Visa by 4.1% in the 3rd quarter. Powers Advisory Group LLC now owns 1,101 shares of the credit-card processor’s stock valued at $253,000 after buying an additional 43 shares during the last quarter. Eastover Investment Advisors LLC boosted its holdings in Visa by 0.8% in the 2nd quarter. Eastover Investment Advisors LLC now owns 5,402 shares of the credit-card processor’s stock valued at $1,283,000 after purchasing an additional 44 shares during the period. Finally, Raab & Moskowitz Asset Management LLC boosted its holdings in Visa by 0.4% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 10,752 shares of the credit-card processor’s stock valued at $2,553,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Insiders Place Their Bets

In other Visa news, insider Rajat Taneja sold 7,811 shares of Visa stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $253.17, for a total value of $1,977,510.87. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $58,763,795.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $236.14, for a total value of $9,445,600.00. Following the sale, the chairman now owns 139,854 shares of the company’s stock, valued at $33,025,123.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 7,811 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $253.17, for a total transaction of $1,977,510.87. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $58,763,795.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,707 shares of company stock valued at $32,183,621. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on V shares. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday. Susquehanna boosted their price objective on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday. Jefferies Financial Group boosted their price objective on shares of Visa from $280.00 to $295.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Mizuho boosted their price objective on shares of Visa from $243.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Finally, HSBC initiated coverage on shares of Visa in a report on Friday, October 13th. They set a “hold” rating and a $266.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.50.

Check Out Our Latest Report on Visa

Visa Trading Down 1.7 %

Shares of NYSE V opened at $267.94 on Monday. The stock has a market cap of $491.84 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 1.81 and a beta of 0.95. The firm has a 50 day moving average price of $260.10 and a two-hundred day moving average price of $246.93. Visa Inc. has a 52-week low of $208.76 and a 52-week high of $272.86. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period last year, the company earned $2.18 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

Visa Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.