Central Bank & Trust Co. Has $12.12 Million Stock Position in Visa Inc. (NYSE:V)

Central Bank & Trust Co. trimmed its position in Visa Inc. (NYSE:V) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,360 shares of the credit-card processor’s stock after selling 2,754 shares during the quarter. Visa comprises approximately 1.8% of Central Bank & Trust Co.’s holdings, making the stock its 13th largest position. Central Bank & Trust Co.’s holdings in Visa were worth $12,123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sfmg LLC increased its position in Visa by 0.6% during the second quarter. Sfmg LLC now owns 21,642 shares of the credit-card processor’s stock worth $5,680,000 after acquiring an additional 122 shares during the period. Insigneo Advisory Services LLC increased its position in Visa by 8.5% during the second quarter. Insigneo Advisory Services LLC now owns 24,253 shares of the credit-card processor’s stock worth $6,219,000 after acquiring an additional 1,899 shares during the period. Point72 Hong Kong Ltd increased its position in Visa by 64.1% during the second quarter. Point72 Hong Kong Ltd now owns 67,327 shares of the credit-card processor’s stock worth $17,671,000 after acquiring an additional 26,295 shares during the period. Kingfisher Capital LLC increased its position in Visa by 0.7% during the second quarter. Kingfisher Capital LLC now owns 14,913 shares of the credit-card processor’s stock worth $3,914,000 after acquiring an additional 99 shares during the period. Finally, Unisphere Establishment increased its position in Visa by 4.1% during the second quarter. Unisphere Establishment now owns 1,520,000 shares of the credit-card processor’s stock worth $398,954,000 after acquiring an additional 60,000 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

Visa stock opened at $323.55 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $325.74. The company has a market cap of $602.73 billion, a PE ratio of 33.25, a PEG ratio of 2.15 and a beta of 0.96. The company’s 50-day moving average is $313.86 and its two-hundred day moving average is $289.47.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 EPS. Equities analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.73%. Visa’s dividend payout ratio is 24.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Royal Bank of Canada boosted their price target on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Bank of America boosted their price target on shares of Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Piper Sandler upped their target price on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $332.81.

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.