First Bank & Trust boosted its position in Visa Inc (NYSE:V) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,254 shares of the credit-card processor’s stock after acquiring an additional 197 shares during the period. Visa accounts for 1.3% of First Bank & Trust’s investment portfolio, making the stock its 17th biggest position. First Bank & Trust’s holdings in Visa were worth $1,485,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Matthew Goff Investment Advisor LLC boosted its stake in Visa by 13,144.9% during the third quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock worth $59,865,000 after acquiring an additional 7,869,202 shares in the last quarter. Capital Research Global Investors boosted its stake in Visa by 3,913.7% during the third quarter. Capital Research Global Investors now owns 4,507,351 shares of the credit-card processor’s stock worth $676,508,000 after acquiring an additional 4,395,051 shares in the last quarter. Capital International Investors boosted its stake in Visa by 13.2% during the third quarter. Capital International Investors now owns 13,149,230 shares of the credit-card processor’s stock worth $1,973,568,000 after acquiring an additional 1,533,870 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Visa by 15,021.0% during the third quarter. Rehmann Capital Advisory Group now owns 1,512,556 shares of the credit-card processor’s stock worth $10,077,000 after acquiring an additional 1,502,553 shares in the last quarter. Finally, FMR LLC raised its holdings in Visa by 1.7% in the third quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock worth $13,045,406,000 after buying an additional 1,450,809 shares during the last quarter. 80.94% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on V. reaffirmed a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Jefferies Financial Group lifted their target price on shares of Visa from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Deutsche Bank lifted their target price on shares of Visa from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Nomura boosted their price objective on shares of Visa from $151.00 to $175.00 in a report on Thursday, April 11th. Finally, Wells Fargo & Co boosted their price objective on shares of Visa from $161.00 to $181.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $168.80.
In other Visa news, Vice Chairman Ellen Richey sold 81,005 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $139.99, for a total value of $11,339,889.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tullier Kelly Mahon sold 91,046 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $156.29, for a total value of $14,229,579.34. Following the completion of the transaction, the executive vice president now owns 120,602 shares in the company, valued at approximately $18,848,886.58. The disclosure for this sale can be found here. Insiders sold 193,531 shares of company stock worth $28,797,949 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.
Shares of V stock traded up $0.28 on Wednesday, reaching $160.51. 835,774 shares of the company’s stock traded hands, compared to its average volume of 8,096,578. Visa Inc has a 12-month low of $119.37 and a 12-month high of $161.10. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $321.64 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 1.83 and a beta of 1.00.
Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Visa had a return on equity of 39.32% and a net margin of 50.61%. The business had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. Visa’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, sell-side analysts predict that Visa Inc will post 5.32 EPS for the current year.
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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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