Trust Co of the South Purchases Shares of 4,554 Visa Inc. (NYSE:V)

Trust Co of the South purchased a new stake in Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,554 shares of the credit-card processor’s stock, valued at approximately $1,186,000.

Other large investors have also recently bought and sold shares of the company. Hibernia Wealth Partners LLC purchased a new position in Visa in the 3rd quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in Visa in the 3rd quarter worth $25,000. West Tower Group LLC bought a new stake in Visa in the 2nd quarter worth $30,000. Financial Freedom LLC bought a new stake in Visa in the 4th quarter worth $32,000. Finally, Nalls Sherbakoff Group LLC grew its holdings in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on V shares. Royal Bank of Canada raised their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. UBS Group lifted their target price on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Raymond James lifted their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods lifted their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Monness Crespi & Hardt assumed coverage on shares of Visa in a research note on Wednesday, December 20th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $295.29.

Visa Stock Up 0.0 %

Shares of V traded up $0.05 during mid-day trading on Tuesday, hitting $281.26. 8,748,794 shares of the company’s stock were exchanged, compared to its average volume of 5,655,137. The stock’s 50-day moving average is $278.54 and its 200-day moving average is $258.27. The company has a market cap of $516.54 billion, a price-to-earnings ratio of 32.37, a P/E/G ratio of 1.95 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter last year, the company earned $2.18 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Visa Inc. will post 9.9 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. Visa’s payout ratio is currently 23.94%.

Insiders Place Their Bets

In other news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,311 shares of company stock valued at $12,832,129. 0.19% of the stock is owned by corporate insiders.

Visa Company 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.