Visa Inc. (NYSE:V) Shares Acquired by Trust Co of the South

Trust Co of the South increased its stake in Visa Inc. (NYSE:V) by 40.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,329 shares of the credit-card processor’s stock after acquiring an additional 2,094 shares during the period. Visa makes up about 0.5% of Trust Co of the South’s holdings, making the stock its 28th largest holding. Trust Co of the South’s holdings in Visa were worth $2,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Global Wealth Strategies & Associates lifted its holdings in Visa by 27.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 229 shares of the credit-card processor’s stock worth $72,000 after buying an additional 50 shares during the last quarter. IMS Capital Management raised its stake in Visa by 0.9% during the 3rd quarter. IMS Capital Management now owns 10,962 shares of the credit-card processor’s stock worth $3,014,000 after acquiring an additional 93 shares in the last quarter. Brass Tax Wealth Management Inc. grew its holdings in shares of Visa by 12.6% during the third quarter. Brass Tax Wealth Management Inc. now owns 2,298 shares of the credit-card processor’s stock worth $632,000 after purchasing an additional 257 shares during the last quarter. Legacy Wealth Management LLC MS increased its position in shares of Visa by 2.5% during the third quarter. Legacy Wealth Management LLC MS now owns 27,274 shares of the credit-card processor’s stock worth $7,499,000 after purchasing an additional 655 shares in the last quarter. Finally, Alternative Investment Advisors LLC. purchased a new stake in shares of Visa in the 3rd quarter valued at about $224,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE V traded down $1.95 during trading on Thursday, reaching $314.09. The stock had a trading volume of 2,642,726 shares, compared to its average volume of 6,913,891. The firm’s 50 day moving average price is $308.44 and its two-hundred day moving average price is $285.08. Visa Inc. has a one year low of $252.70 and a one year high of $321.61. The stock has a market cap of $585.11 billion, a PE ratio of 32.28, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm posted $2.33 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts forecast that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is 24.25%.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on 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. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on V. Mizuho increased their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price objective on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Compass Point assumed coverage on shares of Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price objective for the company. Susquehanna increased their price target on shares of Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a report on Wednesday, December 11th. Finally, Monness Crespi & Hardt reissued a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $328.41.

About Visa

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.