Trade Report: The Visa Inc. (V) is Central Bank & Trust Co.’s 3rd Largest Position

The Visa Inc. (V) is Central Bank & Trust Co.’s 3rd Largest Position

Central Bank & Trust Co. cut its position in Visa Inc. (NYSE:V) by 3.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 108,667 shares of the credit-card processor’s stock after selling 3,474 shares during the period. Visa accounts for approximately 2.5% of Central Bank & Trust Co.’s portfolio, making the stock its 3rd largest position. Central Bank & Trust Co.’s holdings in Visa were worth $8,986,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in V. WealthTrust Arizona LLC boosted its stake in Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock worth $177,000 after buying an additional 21 shares in the last quarter. Weybosset Research & Management LLC boosted its stake in Visa by 0.8% in the second quarter. Weybosset Research & Management LLC now owns 3,130 shares of the credit-card processor’s stock worth $232,000 after buying an additional 25 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Visa by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,869 shares of the credit-card processor’s stock worth $954,000 after buying an additional 35 shares in the last quarter. Cypress Wealth Advisors LLC boosted its stake in Visa by 1.6% in the second quarter. Cypress Wealth Advisors LLC now owns 2,964 shares of the credit-card processor’s stock worth $220,000 after buying an additional 46 shares in the last quarter. Finally, SSI Investment Management Inc. boosted its stake in Visa by 1.1% in the second quarter. SSI Investment Management Inc. now owns 4,150 shares of the credit-card processor’s stock worth $308,000 after buying an additional 47 shares in the last quarter. 79.94% of the stock is currently owned by institutional investors.

Visa Inc. (NYSE:V) traded up 0.70% during midday trading on Friday, hitting $80.13. 6,495,826 shares of the stock traded hands. The company has a market cap of $187.50 billion, a P/E ratio of 31.66 and a beta of 1.00. Visa Inc. has a one year low of $66.12 and a one year high of $83.96. The company’s 50 day moving average is $81.58 and its 200-day moving average is $80.00.

Visa (NYSE:V) last announced its quarterly earnings data on Monday, October 24th. The credit-card processor reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.05. Visa had a net margin of 39.72% and a return on equity of 24.31%. The business had revenue of $4.26 billion for the quarter. During the same quarter in the previous year, the business posted $0.62 earnings per share. Visa’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, equities research analysts forecast that Visa Inc. will post $3.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Friday, November 18th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. This is a positive change from Visa’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 16th. Visa’s dividend payout ratio (DPR) is presently 26.72%.

V has been the topic of a number of recent analyst reports. Deutsche Bank AG reissued a “buy” rating and set a $87.00 price target on shares of Visa in a report on Tuesday, September 6th. Vetr cut Visa from a “buy” rating to a “hold” rating and set a $84.76 price target on the stock. in a report on Monday, November 21st. Cowen and Company reissued an “outperform” rating and set a $100.00 price target on shares of Visa in a report on Tuesday, October 18th. Guggenheim cut Visa from a “buy” rating to a “neutral” rating and raised their price target for the company from $90.00 to $97.00 in a report on Tuesday, October 25th. Finally, Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Tuesday, October 4th. Seven research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $90.84.

In related news, insider Charles W. Scharf sold 772,912 shares of Visa stock in a transaction on Friday, October 28th. The shares were sold at an average price of $82.65, for a total transaction of $63,881,176.80. Following the sale, the insider now directly owns 852,880 shares in the company, valued at approximately $70,490,532. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Ryan Mcinerney sold 18,500 shares of Visa stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $82.92, for a total transaction of $1,534,020.00. Following the sale, the president now owns 12,548 shares in the company, valued at $1,040,480.16. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Visa Company Profile

Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.

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