Visa Inc. (NYSE:V) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department decreased its holdings in Visa Inc. (NYSE:VFree Report) by 45.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,899 shares of the credit-card processor’s stock after selling 4,086 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Visa were worth $1,163,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of V. Graham Capital Wealth Management LLC acquired a new position in shares of Visa during the first quarter worth $299,862,000. Financial Freedom LLC acquired a new position in shares of Visa during the fourth quarter worth $32,000. Kalos Management Inc. acquired a new position in shares of Visa during the first quarter worth $40,000. NewSquare Capital LLC grew its stake in shares of Visa by 121.9% during the first quarter. NewSquare Capital LLC now owns 213 shares of the credit-card processor’s stock worth $48,000 after purchasing an additional 117 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC grew its stake in shares of Visa by 666.7% during the first quarter. Moisand Fitzgerald Tamayo LLC now owns 230 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 81.35% of the company’s stock.

Visa Trading Up 0.4 %

Shares of V opened at $249.56 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average is $238.42 and its two-hundred day moving average is $236.12. Visa Inc. has a twelve month low of $202.13 and a twelve month high of $250.24. The firm has a market capitalization of $464.64 billion, a P/E ratio of 30.10, a PEG ratio of 1.66 and a beta of 0.95.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, October 24th. The credit-card processor reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.10. Visa had a net margin of 52.90% and a return on equity of 50.13%. The company had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.56 billion. During the same period in the prior year, the business posted $1.93 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, research analysts predict that Visa Inc. will post 9.9 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be given a dividend of $0.52 per share. This is a positive change from Visa’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, November 8th. Visa’s dividend payout ratio is presently 25.09%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on V shares. UBS Group started coverage on shares of Visa in a research report on Friday, October 20th. They issued a “buy” rating and a $295.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of Visa from $296.00 to $293.00 and set an “overweight” rating for the company in a research report on Monday, October 9th. KeyCorp upped their target price on shares of Visa from $265.00 to $275.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Credit Suisse Group upped their target price on shares of Visa from $265.00 to $275.00 in a report on Wednesday, July 26th. Finally, HSBC initiated coverage on shares of Visa in a report on Friday, October 13th. They issued a “hold” rating and a $266.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.67.

Get Our Latest Report on Visa

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $247.47, for a total value of $2,016,880.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Rajat Taneja sold 15,800 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $250.01, for a total transaction of $3,950,158.00. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $58,030,321.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $247.47, for a total transaction of $2,016,880.50. The disclosure for this sale can be found here. Insiders have sold 72,100 shares of company stock worth $17,368,639 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Visa Company Profile

(Free Report)

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.

Read More

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.