Visa Inc. $V Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA reduced its holdings in Visa Inc. (NYSE:V) by 15.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 19,637 shares of the credit-card processor’s stock after selling 3,578 shares during the quarter. Visa makes up 0.9% of CHICAGO TRUST Co NA’s portfolio, making the stock its 22nd biggest position. CHICAGO TRUST Co NA’s holdings in Visa were worth $6,704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of V. Diversified Enterprises LLC boosted its stake in Visa by 1.4% in the third quarter. Diversified Enterprises LLC now owns 8,627 shares of the credit-card processor’s stock valued at $2,945,000 after acquiring an additional 122 shares during the period. Navigoe LLC lifted its holdings in shares of Visa by 47.1% in the 3rd quarter. Navigoe LLC now owns 250 shares of the credit-card processor’s stock worth $85,000 after purchasing an additional 80 shares during the last quarter. Spinnaker Investment Group LLC boosted its position in Visa by 10.6% during the 3rd quarter. Spinnaker Investment Group LLC now owns 1,056 shares of the credit-card processor’s stock valued at $360,000 after purchasing an additional 101 shares during the period. Lineweaver Wealth Advisors LLC grew its stake in Visa by 3.0% during the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 8,314 shares of the credit-card processor’s stock worth $2,838,000 after buying an additional 241 shares during the last quarter. Finally, Charles Schwab Trust Co grew its stake in Visa by 1.5% during the 3rd quarter. Charles Schwab Trust Co now owns 2,233 shares of the credit-card processor’s stock worth $762,000 after buying an additional 32 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other Visa news, Director Lloyd Carney sold 900 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the sale, the director directly owned 2,468 shares in the company, valued at approximately $830,432.64. The trade was a 26.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the sale, the insider directly owned 26,413 shares of the company’s stock, valued at $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 24,042 shares of company stock valued at $8,175,152. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on V. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Evercore ISI set a $380.00 target price on shares of Visa in a research note on Friday, December 12th. Wells Fargo & Company upgraded shares of Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. KeyCorp reaffirmed an “overweight” rating and set a $405.00 price target on shares of Visa in a report on Wednesday, October 22nd. Finally, UBS Group set a $425.00 price objective on Visa and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $402.52.

Visa Stock Up 0.8%

V stock opened at $352.11 on Tuesday. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The company has a market capitalization of $641.45 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.05 and a beta of 0.82. The firm’s 50-day moving average is $337.67 and its two-hundred day moving average is $344.37. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the firm posted $2.71 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. On average, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were paid a $0.67 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio (DPR) is presently 26.25%.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.