Enterprise Bank & Trust Co Has $2.35 Million Position in Visa Inc. (NYSE:V)

Enterprise Bank & Trust Co lessened its position in shares of Visa Inc. (NYSE:VGet Rating) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,329 shares of the credit-card processor’s stock after selling 150 shares during the quarter. Visa makes up approximately 1.1% of Enterprise Bank & Trust Co’s investment portfolio, making the stock its 29th largest holding. Enterprise Bank & Trust Co’s holdings in Visa were worth $2,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First City Capital Management Inc. purchased a new position in shares of Visa in the 3rd quarter worth about $213,000. Capital Investment Advisors LLC increased its position in shares of Visa by 4.0% during the fourth quarter. Capital Investment Advisors LLC now owns 23,619 shares of the credit-card processor’s stock valued at $4,907,000 after buying an additional 899 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Visa by 635.8% in the third quarter. Assenagon Asset Management S.A. now owns 132,176 shares of the credit-card processor’s stock worth $23,481,000 after purchasing an additional 114,212 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Visa by 1.9% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 38,412 shares of the credit-card processor’s stock worth $6,824,000 after purchasing an additional 707 shares during the last quarter. Finally, Kolinsky Wealth Management LLC increased its position in shares of Visa by 4.8% in the second quarter. Kolinsky Wealth Management LLC now owns 3,419 shares of the credit-card processor’s stock worth $673,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 81.87% of the company’s stock.

Insider Activity at Visa

In related news, President Ryan Mcinerney sold 58,197 shares of the business’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $62.47, for a total transaction of $3,635,566.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, President Ryan Mcinerney sold 58,197 shares of the company’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $62.47, for a total value of $3,635,566.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $223.99, for a total value of $12,991,420.00. Following the completion of the sale, the chairman now owns 162,354 shares of the company’s stock, valued at $36,365,672.46. The disclosure for this sale can be found here. Insiders sold a total of 191,312 shares of company stock worth $33,751,165 in the last quarter. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group cut their target price on Visa from $290.00 to $287.00 and set a “buy” rating for the company in a research note on Thursday, December 15th. Credit Suisse Group increased their price objective on Visa from $245.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, January 27th. Barclays upped their target price on Visa from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Sunday, January 29th. StockNews.com downgraded Visa from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on Visa from $243.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $259.11.

Visa Stock Down 0.0 %

Shares of V opened at $217.39 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. Visa Inc. has a 12-month low of $174.60 and a 12-month high of $234.30. The business’s 50 day moving average is $223.62 and its 200 day moving average is $208.33. The company has a market capitalization of $408.91 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97.

Visa (NYSE:VGet Rating) last announced its earnings results on Thursday, January 26th. The credit-card processor reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.17. The firm had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.70 billion. Visa had a return on equity of 49.95% and a net margin of 50.28%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.81 EPS. Research analysts expect that Visa Inc. will post 8.43 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $1.80 dividend on an annualized basis and a yield of 0.83%. This is a boost from Visa’s previous quarterly dividend of $0.40. Visa’s payout ratio is presently 25.17%.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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