Trust Co of the South Invests $1.19 Million in Visa Inc. (NYSE:V)

Trust Co of the South purchased a new position in shares of Visa Inc. (NYSE:V) in the fourth quarter, Holdings Channel.com reports. The firm purchased 4,554 shares of the credit-card processor’s stock, valued at approximately $1,186,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. Investment Advisory Services Inc. TX ADV increased its position in shares of Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after purchasing an additional 78 shares during the period. Camarda Financial Advisors LLC raised its position in shares of Visa by 3.0% during the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock worth $1,484,000 after acquiring an additional 182 shares during the last quarter. Cibc World Market Inc. increased its holdings in Visa by 1.8% in the second quarter. Cibc World Market Inc. now owns 783,402 shares of the credit-card processor’s stock valued at $186,042,000 after purchasing an additional 14,022 shares during the last quarter. Wayfinding Financial LLC increased its holdings in Visa by 10.1% in the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 161 shares during the last quarter. Finally, Richelieu Gestion SA bought a new stake in Visa in the fourth quarter valued at about $307,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.0 %

V traded up $0.05 during midday trading on Tuesday, hitting $281.26. 8,748,794 shares of the company were exchanged, compared to its average volume of 5,655,137. The firm has a market capitalization of $516.54 billion, a P/E ratio of 32.37, a P/E/G ratio of 1.95 and a beta of 0.96. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The firm’s 50 day moving average price is $278.54 and its 200-day moving average price is $258.27. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 EPS. As a group, equities analysts forecast that Visa Inc. will post 9.9 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Transactions at Visa

In related news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,311 shares of company stock valued at $12,832,129. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on V. Susquehanna increased their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Wedbush raised their price objective on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Wells Fargo & Company raised their price objective on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Evercore ISI raised their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, KeyCorp raised their price objective on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.29.

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.