BankPlus Trust Department Grows Stock Holdings in Visa Inc. $V

BankPlus Trust Department raised its stake in Visa Inc. (NYSE:V) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,864 shares of the credit-card processor’s stock after buying an additional 484 shares during the period. BankPlus Trust Department’s holdings in Visa were worth $2,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. SGL Investment Advisors Inc. lifted its position in shares of Visa by 32.4% in the 2nd quarter. SGL Investment Advisors Inc. now owns 1,050 shares of the credit-card processor’s stock worth $372,000 after purchasing an additional 257 shares during the period. Shell Asset Management Co. lifted its position in shares of Visa by 19.7% in the 2nd quarter. Shell Asset Management Co. now owns 112,470 shares of the credit-card processor’s stock worth $39,932,000 after purchasing an additional 18,489 shares during the period. Joel Isaacson & Co. LLC lifted its position in shares of Visa by 4.1% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,824 shares of the credit-card processor’s stock worth $3,133,000 after purchasing an additional 350 shares during the period. Wise Wealth Partners lifted its position in shares of Visa by 74.7% in the 2nd quarter. Wise Wealth Partners now owns 1,513 shares of the credit-card processor’s stock worth $537,000 after purchasing an additional 647 shares during the period. Finally, Roundview Capital LLC lifted its position in shares of Visa by 6.1% in the 2nd quarter. Roundview Capital LLC now owns 51,079 shares of the credit-card processor’s stock worth $18,135,000 after purchasing an additional 2,943 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on V shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th. Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price target for the company. Barclays reissued an “overweight” rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Finally, Macquarie increased their target price on shares of Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $389.00.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $183,815.10. The trade was a 95.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Down 1.0%

NYSE:V opened at $343.63 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 52 week low of $275.37 and a 52 week high of $375.51. The stock has a market capitalization of $629.79 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 2.06 and a beta of 0.90. The firm has a 50 day moving average of $343.77 and a 200 day moving average of $346.97.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the prior year, the business posted $2.42 EPS. Visa’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa’s dividend payout ratio is presently 23.05%.

Visa Company Profile

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.