Visa Inc (NYSE:V) Shares Sold by Capital Bank & Trust Co

Capital Bank & Trust Co decreased its stake in shares of Visa Inc (NYSE:V) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,297,733 shares of the credit-card processor’s stock after selling 43,348 shares during the period. Visa accounts for about 3.2% of Capital Bank & Trust Co’s portfolio, making the stock its largest holding. Capital Bank & Trust Co owned 0.07% of Visa worth $243,844,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in V. Loomis Sayles & Co. L P grew its holdings in shares of Visa by 4.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 16,638,866 shares of the credit-card processor’s stock valued at $3,126,443,000 after purchasing an additional 767,660 shares during the last quarter. Magellan Asset Management Ltd raised its position in Visa by 2.8% during the 4th quarter. Magellan Asset Management Ltd now owns 14,517,335 shares of the credit-card processor’s stock worth $2,727,807,000 after purchasing an additional 394,660 shares during the last quarter. Polen Capital Management LLC lifted its holdings in Visa by 2.8% during the 4th quarter. Polen Capital Management LLC now owns 10,160,598 shares of the credit-card processor’s stock worth $1,909,176,000 after buying an additional 277,305 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Visa by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,672,697 shares of the credit-card processor’s stock worth $1,441,700,000 after buying an additional 64,937 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Visa by 0.8% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,242,045 shares of the credit-card processor’s stock worth $1,360,780,000 after buying an additional 58,752 shares during the period. 82.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of V traded up $5.44 during mid-day trading on Thursday, hitting $167.22. The stock had a trading volume of 5,414,952 shares, compared to its average volume of 19,172,908. Visa Inc has a 52 week low of $133.93 and a 52 week high of $214.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.27. The business has a fifty day moving average price of $186.24 and a 200-day moving average price of $184.64. The firm has a market cap of $303.27 billion, a P/E ratio of 30.51, a PEG ratio of 1.66 and a beta of 0.94.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $1.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.46. Visa had a net margin of 52.60% and a return on equity of 43.15%. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.08 billion. During the same period last year, the firm earned $1.30 EPS. Visa’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, research analysts expect that Visa Inc will post 6.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.72%. This is an increase from Visa’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 13th. Visa’s payout ratio is presently 22.06%.

Several equities analysts recently issued reports on V shares. Wells Fargo & Co boosted their target price on shares of Visa from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup dropped their price target on Visa from $236.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Compass Point started coverage on Visa in a report on Thursday, December 5th. They set a “buy” rating on the stock. Jefferies Financial Group reduced their price objective on shares of Visa from to in a research report on Wednesday, March 18th. Finally, Morgan Stanley lowered their price objective on shares of Visa from $188.00 to $172.00 and set an “overweight” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $214.15.

In other Visa news, EVP Lynne Biggar sold 5,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $211.18, for a total transaction of $1,161,490.00. Following the sale, the executive vice president now directly owns 19,370 shares in the company, valued at approximately $4,090,556.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 10,685 shares of Visa stock in a transaction on Friday, February 14th. The stock was sold at an average price of $208.29, for a total value of $2,225,578.65. Following the completion of the sale, the insider now directly owns 282,318 shares of the company’s stock, valued at approximately $58,804,016.22. The disclosure for this sale can be found here. Insiders sold 39,371 shares of company stock worth $7,814,759 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Visa Company Profile

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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