First Commonwealth Financial Corp PA Buys 1,806 Shares of Visa Inc. $V

First Commonwealth Financial Corp PA boosted its stake in Visa Inc. (NYSE:VFree Report) by 41.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,149 shares of the credit-card processor’s stock after buying an additional 1,806 shares during the period. First Commonwealth Financial Corp PA’s holdings in Visa were worth $2,099,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Insight Wealth Strategies LLC grew its position in Visa by 1.6% in the 3rd quarter. Insight Wealth Strategies LLC now owns 1,875 shares of the credit-card processor’s stock worth $640,000 after purchasing an additional 29 shares in the last quarter. Old Port Advisors lifted its position in shares of Visa by 0.9% during the 3rd quarter. Old Port Advisors now owns 3,423 shares of the credit-card processor’s stock worth $1,169,000 after buying an additional 29 shares in the last quarter. Carr Financial Group Corp boosted its stake in shares of Visa by 2.4% in the 3rd quarter. Carr Financial Group Corp now owns 1,290 shares of the credit-card processor’s stock worth $440,000 after buying an additional 30 shares during the last quarter. Define Financial LLC boosted its stake in shares of Visa by 4.0% in the 3rd quarter. Define Financial LLC now owns 779 shares of the credit-card processor’s stock worth $266,000 after buying an additional 30 shares during the last quarter. Finally, Patron Partners LLC grew its holdings in shares of Visa by 0.6% in the third quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor’s stock valued at $1,587,000 after acquiring an additional 30 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

Analysts Set New Price Targets

A number of analysts recently commented on V shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $395.00 price target on shares of Visa in a research report on Friday, January 30th. Rothschild & Co Redburn set a $385.00 price objective on Visa in a research report on Wednesday, January 28th. Macquarie Infrastructure restated an “outperform” rating and issued a $410.00 price objective on shares of Visa in a research note on Friday, January 30th. UBS Group reaffirmed a “buy” rating on shares of Visa in a research report on Tuesday, January 13th. Finally, Daiwa Securities Group upgraded Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price on the stock in a research note on Monday, February 2nd. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $392.65.

View Our Latest Stock Analysis on V

Insider Activity

In related news, Director Lloyd Carney sold 650 shares of Visa stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the sale, the director owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.12% of the company’s stock.

Visa Trading Down 0.5%

NYSE:V opened at $308.55 on Wednesday. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $323.65 and its 200 day moving average is $335.32. The stock has a market capitalization of $560.07 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.78 and a beta of 0.78.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.Visa’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.75 earnings per share. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Visa’s dividend payout ratio is presently 25.14%.

About Visa

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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