Oakworth Capital Inc. Reduces Holdings in Visa Inc. (NYSE:V)

Oakworth Capital Inc. trimmed its position in shares of Visa Inc. (NYSE:VFree Report) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,527 shares of the credit-card processor’s stock after selling 44 shares during the quarter. Oakworth Capital Inc.’s holdings in Visa were worth $1,961,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BCK Partners Inc. bought a new stake in shares of Visa during the first quarter worth $2,717,000. Markel Corp lifted its position in shares of Visa by 0.3% during the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after purchasing an additional 3,065 shares during the last quarter. AMI Investment Management Inc. bought a new stake in shares of Visa during the first quarter worth $2,323,000. Ergoteles LLC bought a new stake in shares of Visa during the first quarter worth $538,000. Finally, XTX Topco Ltd bought a new stake in shares of Visa during the first quarter worth $1,496,000. 81.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

V has been the subject of several research analyst reports. Citigroup lifted their target price on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday. Wedbush restated an “outperform” rating and issued a $270.00 price objective on shares of Visa in a report on Wednesday, October 25th. BMO Capital Markets began coverage on Visa in a report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 price objective for the company. Oppenheimer lifted their price objective on Visa from $248.00 to $252.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Finally, Mizuho lifted their price objective on Visa from $243.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.70.

View Our Latest Analysis on V

Insider Transactions at Visa

In related news, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $236.14, for a total value of $9,445,600.00. Following the sale, the chairman now owns 139,854 shares in the company, valued at $33,025,123.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Rajat Taneja sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $260.04, for a total value of $6,501,000.00. Following the sale, the insider now owns 232,112 shares in the company, valued at $60,358,404.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Alfred F. Kelly, Jr. sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $236.14, for a total value of $9,445,600.00. Following the completion of the sale, the chairman now owns 139,854 shares in the company, valued at approximately $33,025,123.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,161 shares of company stock worth $22,308,891. Insiders own 0.19% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $268.13 on Friday. Visa Inc. has a fifty-two week low of $208.76 and a fifty-two week high of $268.78. The firm has a market capitalization of $492.19 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 1.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.45 and a current ratio of 1.45. The stock’s 50-day simple moving average is $257.24 and its 200-day simple moving average is $245.49.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The credit-card processor reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.10. Visa had a return on equity of 50.13% and a net margin of 52.90%. The business had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.56 billion. During the same quarter in the previous year, the firm earned $1.93 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 9th were paid a dividend of $0.52 per share. This is a positive change from Visa’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, November 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. Visa’s payout ratio is presently 25.09%.

About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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