Visa Inc. (NYSE:V) Stock Holdings Increased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. raised its holdings in shares of Visa Inc. (NYSE:V) by 2.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,958 shares of the credit-card processor’s stock after buying an additional 1,384 shares during the period. Visa comprises approximately 0.4% of First Citizens Bank & Trust Co.’s investment portfolio, making the stock its 27th biggest position. First Citizens Bank & Trust Co.’s holdings in Visa were worth $22,765,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter valued at $27,000. POM Investment Strategies LLC raised its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the period. Compass Planning Associates Inc purchased a new stake in Visa in the 4th quarter worth about $32,000. FPC Investment Advisory Inc. boosted its position in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after acquiring an additional 83 shares during the period. Finally, NewSquare Capital LLC purchased a new position in Visa during the 4th quarter valued at about $35,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $188,186.28. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,162 shares of company stock worth $58,645,479 over the last three months. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. Oppenheimer reissued an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Jefferies Financial Group upped their price target on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. UBS Group increased their price objective on Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, May 28th. Finally, Macquarie lowered their target price on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $372.80.

Visa Stock Up 1.0%

V opened at $370.44 on Monday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $371.83. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $683.52 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 2.33 and a beta of 0.94. The business has a 50 day moving average of $345.45 and a 200-day moving average of $335.88.

Visa (NYSE:V) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.51 EPS. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 23.72%.

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.