Trust Co. of Vermont lifted its position in Visa Inc. (NYSE:V) by 0.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,202 shares of the credit-card processor’s stock after buying an additional 219 shares during the period. Trust Co. of Vermont’s holdings in Visa were worth $7,665,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of V. Price T Rowe Associates Inc. MD increased its holdings in Visa by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,974,988 shares of the credit-card processor’s stock valued at $17,039,976,000 after buying an additional 2,064,562 shares during the last quarter. Morgan Stanley increased its holdings in Visa by 20.2% during the fourth quarter. Morgan Stanley now owns 40,793,518 shares of the credit-card processor’s stock valued at $8,922,767,000 after buying an additional 6,857,457 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Visa by 3.2% during the fourth quarter. Fisher Asset Management LLC now owns 22,220,489 shares of the credit-card processor’s stock valued at $4,860,288,000 after buying an additional 682,741 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Visa by 1.1% in the fourth quarter. Alliancebernstein L.P. now owns 18,669,445 shares of the credit-card processor’s stock worth $4,083,568,000 after purchasing an additional 206,395 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Visa in the fourth quarter worth $3,305,348,000. Hedge funds and other institutional investors own 80.50% of the company’s stock.
NYSE V traded down $0.19 during trading on Monday, reaching $226.22. 107,116 shares of the company’s stock traded hands, compared to its average volume of 9,626,103. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.91 and a quick ratio of 1.91. The firm has a market cap of $441.65 billion, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. The company’s 50 day simple moving average is $216.91 and its two-hundred day simple moving average is $208.29. Visa Inc. has a 12-month low of $159.15 and a 12-month high of $228.23.
The business also recently announced a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Friday, February 12th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, February 11th. Visa’s dividend payout ratio (DPR) is presently 25.40%.
V has been the subject of a number of analyst reports. KeyCorp increased their price objective on shares of Visa from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 13th. Jefferies Financial Group raised shares of Visa from a “hold” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $250.00 in a research note on Wednesday, January 13th. Barclays reissued a “buy” rating and issued a $230.00 price objective on shares of Visa in a research note on Tuesday, December 22nd. Morgan Stanley increased their price objective on shares of Visa from $233.00 to $253.00 and gave the stock an “overweight” rating in a research note on Monday, March 22nd. Finally, Sanford C. Bernstein assumed coverage on shares of Visa in a research report on Tuesday, January 26th. They set an “outperform” rating and a $232.00 target price for the company. Five research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $228.04.
In other news, Director Robert W. Matschullat sold 29,956 shares of Visa stock in a transaction that occurred on Thursday, March 18th. The shares were sold at an average price of $223.02, for a total transaction of $6,680,787.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $212.55, for a total transaction of $1,912,950.00. Following the transaction, the chief executive officer now directly owns 163,112 shares of the company’s stock, valued at $34,669,455.60. The disclosure for this sale can be found here. Insiders sold a total of 93,093 shares of company stock valued at $20,418,578 over the last quarter. 0.19% of the stock is owned by company insiders.
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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