Security National Trust Co. Grows Position in Visa Inc (NYSE:V)

Security National Trust Co. lifted its stake in Visa Inc (NYSE:V) by 2.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,780 shares of the credit-card processor’s stock after buying an additional 707 shares during the quarter. Visa makes up about 1.4% of Security National Trust Co.’s investment portfolio, making the stock its 19th largest position. Security National Trust Co.’s holdings in Visa were worth $4,300,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Visa by 1.1% in the second quarter. Vanguard Group Inc. now owns 146,976,797 shares of the credit-card processor’s stock worth $25,507,824,000 after purchasing an additional 1,615,505 shares during the last quarter. BlackRock Inc. increased its position in Visa by 2.3% in the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after purchasing an additional 2,773,330 shares during the last quarter. FMR LLC increased its position in Visa by 1.9% in the first quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock worth $14,409,440,000 after purchasing an additional 1,731,813 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Visa by 0.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 78,658,915 shares of the credit-card processor’s stock worth $13,651,254,000 after purchasing an additional 379,577 shares during the last quarter. Finally, Lunia Capital LP increased its position in Visa by 13,370.7% in the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after purchasing an additional 23,280,332 shares during the last quarter. 80.99% of the stock is currently owned by hedge funds and other institutional investors.

In other Visa news, Director Denise M. Morrison acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of $171.13 per share, with a total value of $171,130.00. Following the completion of the purchase, the director now directly owns 3,223 shares in the company, valued at $551,551.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vasant M. Prabhu sold 25,051 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the sale, the insider now directly owns 62,223 shares of the company’s stock, valued at $11,271,074.22. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.



A number of research analysts have weighed in on the stock. Citigroup boosted their price objective on shares of Visa from $185.00 to $206.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Bank of America boosted their price objective on shares of Visa from $177.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, June 17th. ValuEngine cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Robert W. Baird set a $196.00 price objective on shares of Visa and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, KeyCorp boosted their price objective on shares of Visa from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus price target of $196.57.

Shares of NYSE V traded down $0.43 during mid-day trading on Tuesday, reaching $174.48. The company had a trading volume of 10,418,379 shares, compared to its average volume of 7,637,568. The business’s 50-day moving average is $178.01 and its 200-day moving average is $168.63. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57. The stock has a market cap of $345.32 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 1.96 and a beta of 0.97. Visa Inc has a 52 week low of $121.60 and a 52 week high of $187.05.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.04. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Visa had a net margin of 53.43% and a return on equity of 41.04%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. As a group, equities research analysts forecast that Visa Inc will post 5.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, August 15th. Visa’s payout ratio is presently 21.69%.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Recommended Story: Why Net Income is Important to Investors

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

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.