By otakuyassine3@gmail.com 
First Financial Bank Trust Division cut its position in Visa Inc. (NYSE:V – Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,167 shares of the credit-card processor’s stock after selling 833 shares during the quarter. Visa accounts for about 1.3% of First Financial Bank Trust Division’s portfolio, making the stock its 19th largest holding. First Financial Bank Trust Division’s holdings in Visa were worth $13,959,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Peterson Financial Group Inc. bought a new stake in shares of Visa during the third quarter worth about $26,000. Reston Wealth Management LLC acquired a new position in Visa in the third quarter valued at $31,000. Fairway Wealth LLC bought a new stake in shares of Visa during the 2nd quarter valued at about $39,000. West Financial Advisors LLC grew its position in shares of Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after buying an additional 73 shares during the period. Finally, Global Wealth Strategies & Associates increased its stake in Visa by 79.0% in the third quarter. Global Wealth Strategies & Associates now owns 179 shares of the credit-card processor’s stock valued at $49,000 after purchasing an additional 79 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.
Visa Trading Down 0.5 %
NYSE V traded down $1.64 during trading on Thursday, hitting $314.40. The company had a trading volume of 5,236,532 shares, compared to its average volume of 6,913,891. The company’s fifty day moving average is $308.44 and its 200-day moving average is $285.08. The company has a market cap of $585.69 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a one year low of $252.70 and a one year high of $321.61.
Visa (NYSE:V – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.33 earnings per share. On average, sell-side analysts predict that Visa Inc. will post 11.23 earnings per share for the current year.
Visa Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is currently 24.25%.
Analyst Ratings Changes
V has been the subject of a number of analyst reports. Barclays lifted their price target on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Macquarie upped their price target on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Mizuho lifted their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Morgan Stanley upped their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Oppenheimer lifted their target price on shares of Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $328.41.
Get Our Latest Stock Report on Visa
Insider Buying and Selling at Visa
In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate 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.
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