First American Trust FSB Boosts Stake in Visa Inc. (NYSE:V)

First American Trust FSB increased its position in Visa Inc. (NYSE:V) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,795 shares of the credit-card processor’s stock after buying an additional 2,289 shares during the period. Visa accounts for about 1.8% of First American Trust FSB’s investment portfolio, making the stock its 12th biggest position. First American Trust FSB’s holdings in Visa were worth $14,526,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Investment Advisory Services Inc. TX ADV increased its stake in Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after acquiring an additional 78 shares during the last quarter. Towerpoint Wealth LLC bought a new stake in Visa during the fourth quarter worth approximately $216,000. Wayfinding Financial LLC increased its stake in Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after acquiring an additional 161 shares during the last quarter. Richelieu Gestion SA bought a new stake in Visa during the fourth quarter worth approximately $307,000. Finally, Cooper Financial Group increased its stake in Visa by 6.4% during the fourth quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after acquiring an additional 476 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 0.5 %

Visa stock opened at $272.69 on Thursday. The business has a fifty day moving average of $279.80 and a two-hundred day moving average of $262.56. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $500.80 billion, a P/E ratio of 31.38, a P/E/G ratio of 1.87 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96.

Visa (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. On average, analysts forecast that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio is currently 23.94%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock worth $15,131,081 over the last 90 days. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI boosted their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Wedbush boosted their price objective on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Robert W. Baird upped their target price on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Cowen assumed coverage on Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Finally, Susquehanna upped their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $298.43.

About Visa

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.