Busey Trust CO boosted its position in shares of Visa (NYSE:V) by 17.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,002 shares of the credit-card processor’s stock after purchasing an additional 583 shares during the period. Busey Trust CO’s holdings in Visa were worth $479,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Roble Belko & Company Inc grew its holdings in shares of Visa by 220.8% during the 4th quarter. Roble Belko & Company Inc now owns 879 shares of the credit-card processor’s stock valued at $100,000 after acquiring an additional 605 shares in the last quarter. Earnest Partners LLC purchased a new position in shares of Visa during the 4th quarter valued at $100,000. Financial Gravity Companies Inc. purchased a new position in shares of Visa during the 4th quarter valued at $112,000. AlphaOne Investment Services LLC purchased a new position in shares of Visa during the 4th quarter valued at $108,000. Finally, Fusion Family Wealth LLC grew its holdings in shares of Visa by 138.8% during the 4th quarter. Fusion Family Wealth LLC now owns 955 shares of the credit-card processor’s stock valued at $109,000 after acquiring an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.
Several equities research analysts recently issued reports on V shares. UBS Group started coverage on shares of Visa in a research note on Friday, May 18th. They issued a “neutral” rating and a $141.00 price objective for the company. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research note on Friday, March 30th. Wedbush lifted their price objective on shares of Visa from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, June 6th. Vetr lowered shares of Visa from a “strong-buy” rating to a “buy” rating and set a $135.00 price objective for the company. in a research note on Thursday, April 5th. Finally, Sanford C. Bernstein started coverage on shares of Visa in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $143.00 price objective for the company. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $139.09.
In related news, President Ryan Mcinerney sold 38,500 shares of the company’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $131.33, for a total value of $5,056,205.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP James H. Hoffmeister sold 8,423 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $127.67, for a total transaction of $1,075,364.41. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.
Shares of Visa opened at $135.33 on Friday, according to MarketBeat.com. The stock has a market cap of $274.97 billion, a PE ratio of 38.89, a P/E/G ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.94 and a quick ratio of 1.94. Visa has a 52 week low of $93.19 and a 52 week high of $136.69.
Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, April 25th. The credit-card processor reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.10. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.82 billion. Visa had a net margin of 48.18% and a return on equity of 33.90%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. equities analysts predict that Visa will post 4.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 5th. Stockholders of record on Friday, May 18th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Thursday, May 17th. Visa’s dividend payout ratio is currently 24.14%.
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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