First American Trust FSB Boosts Stake in Visa Inc. (NYSE:V)

First American Trust FSB boosted its holdings in shares of Visa Inc. (NYSE:V) by 35.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,004 shares of the credit-card processor’s stock after acquiring an additional 11,886 shares during the period. Visa accounts for approximately 1.4% of First American Trust FSB’s investment portfolio, making the stock its 17th biggest position. First American Trust FSB’s holdings in Visa were worth $14,224,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Heritage Wealth Management Inc. CA acquired a new stake in shares of Visa in the 4th quarter worth $248,000. Zions Bancorporation N.A. boosted its position in shares of Visa by 17.0% during the 4th quarter. Zions Bancorporation N.A. now owns 49,416 shares of the credit-card processor’s stock valued at $15,617,000 after acquiring an additional 7,163 shares during the last quarter. TIAA Trust National Association grew its holdings in shares of Visa by 4.1% in the fourth quarter. TIAA Trust National Association now owns 199,570 shares of the credit-card processor’s stock valued at $63,072,000 after purchasing an additional 7,866 shares during the period. TD Asset Management Inc. increased its position in Visa by 1.6% during the fourth quarter. TD Asset Management Inc. now owns 3,788,279 shares of the credit-card processor’s stock worth $1,197,248,000 after purchasing an additional 58,393 shares during the last quarter. Finally, Princeton Capital Management LLC raised its stake in Visa by 4.4% during the fourth quarter. Princeton Capital Management LLC now owns 2,521 shares of the credit-card processor’s stock worth $797,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on V. Morgan Stanley increased their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Wells Fargo & Company increased their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Bank of America raised their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Barclays upped their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Susquehanna reissued a “positive” rating on shares of Visa in a research report on Friday. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Activity

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is currently owned by insiders.

Visa Stock Up 2.5 %

Shares of Visa stock opened at $343.96 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a market capitalization of $639.00 billion, a P/E ratio of 34.67, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a 50 day moving average of $341.23 and a 200 day moving average of $313.75.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa’s dividend payout ratio is currently 23.79%.

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.