First Financial Bankshares Inc Has $1.10 Million Stake in Visa Inc. $V

First Financial Bankshares Inc increased its holdings in Visa Inc. (NYSE:V) by 17.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,124 shares of the credit-card processor’s stock after buying an additional 461 shares during the period. First Financial Bankshares Inc’s holdings in Visa were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keystone Global Partners LLC acquired a new stake in shares of Visa in the first quarter valued at approximately $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the first quarter valued at approximately $27,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa in the fourth quarter valued at approximately $47,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the first quarter valued at approximately $54,000. Finally, Global X Japan Co. Ltd. bought a new position in Visa in the first quarter valued at approximately $56,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Paul D. Fabara sold 46,214 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider owned 26,413 shares in the company, valued at approximately $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,507 shares of company stock worth $25,213,475. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of NYSE:V opened at $351.92 on Monday. The firm has a market cap of $645.00 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.34 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $268.23 and a 52 week high of $375.51. The firm’s fifty day moving average is $348.35 and its 200-day moving average is $347.36.

Visa (NYSE:V) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. Visa’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.42 earnings per share. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio is currently 23.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on V. Morgan Stanley lifted their price objective on shares of Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Raymond James Financial reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Macquarie boosted their target price on shares of Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research note on Thursday, July 17th. They set a “buy” rating and a $410.00 target price on the stock. Finally, Jefferies Financial Group boosted their target price on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $380.84.

Visa 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.