FineMark National Bank & Trust Cuts Holdings in Visa Inc (V)

FineMark National Bank & Trust cut its stake in Visa Inc (NYSE:V) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,832 shares of the credit-card processor’s stock after selling 5,329 shares during the quarter. FineMark National Bank & Trust’s holdings in Visa were worth $5,981,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in V. IFP Advisors Inc grew its stake in shares of Visa by 1.6% during the third quarter. IFP Advisors Inc now owns 74,095 shares of the credit-card processor’s stock valued at $7,798,000 after acquiring an additional 1,164 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Visa by 117.0% during the third quarter. Canada Pension Plan Investment Board now owns 104,521 shares of the credit-card processor’s stock valued at $11,000,000 after acquiring an additional 56,344 shares in the last quarter. BP PLC grew its stake in shares of Visa by 8.5% during the third quarter. BP PLC now owns 254,000 shares of the credit-card processor’s stock valued at $26,723,000 after acquiring an additional 20,000 shares in the last quarter. Ramsay Stattman Vela & Price Inc. grew its stake in shares of Visa by 2.9% during the third quarter. Ramsay Stattman Vela & Price Inc. now owns 35,137 shares of the credit-card processor’s stock valued at $3,698,000 after acquiring an additional 985 shares in the last quarter. Finally, Investment House LLC grew its stake in shares of Visa by 5.9% during the third quarter. Investment House LLC now owns 26,470 shares of the credit-card processor’s stock valued at $2,786,000 after acquiring an additional 1,485 shares in the last quarter. 81.50% of the stock is currently owned by institutional investors.

Visa Inc (NYSE:V) opened at $116.08 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa Inc has a 52 week low of $80.22 and a 52 week high of $117.36. The company has a market capitalization of $263,060.00, a P/E ratio of 41.46, a price-to-earnings-growth ratio of 1.67 and a beta of 0.99.

Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. Visa’s quarterly revenue was up 13.9% compared to the same quarter last year. equities research analysts predict that Visa Inc will post 4.07 EPS for the current year.

In other Visa news, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the transaction, the director now directly owns 57,368 shares in the company, valued at $6,526,183.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares of the company’s stock, valued at $77,005.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,068 shares of company stock valued at $6,597,262. 0.14% of the stock is currently owned by insiders.

Several analysts have recently weighed in on the company. Jefferies Group restated a “buy” rating and set a $125.00 target price (up from $112.00) on shares of Visa in a research note on Tuesday, October 17th. Barclays restated a “buy” rating and set a $145.00 target price on shares of Visa in a research note on Friday. Robert W. Baird restated an “outperform” rating and set a $128.00 target price (up from $122.00) on shares of Visa in a research note on Monday, October 2nd. Morgan Stanley raised their target price on Visa from $125.00 to $126.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $120.00 target price on shares of Visa in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $119.53.

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About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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