Visa Inc (NYSE:V) Holdings Raised by FineMark National Bank & Trust

FineMark National Bank & Trust grew its position in shares of Visa Inc (NYSE:V) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,474 shares of the credit-card processor’s stock after buying an additional 1,766 shares during the quarter. FineMark National Bank & Trust’s holdings in Visa were worth $7,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Chartwell Investment Partners LLC increased its stake in Visa by 16.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 74,415 shares of the credit-card processor’s stock valued at $11,169,000 after purchasing an additional 10,677 shares in the last quarter. Piedmont Investment Advisors Inc. increased its stake in Visa by 65.3% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 178,238 shares of the credit-card processor’s stock valued at $26,752,000 after purchasing an additional 70,398 shares in the last quarter. Weatherly Asset Management L. P. increased its stake in Visa by 33.0% during the 3rd quarter. Weatherly Asset Management L. P. now owns 24,330 shares of the credit-card processor’s stock valued at $3,652,000 after purchasing an additional 6,036 shares in the last quarter. Cedar Capital LLC increased its stake in Visa by 15.3% during the 3rd quarter. Cedar Capital LLC now owns 21,664 shares of the credit-card processor’s stock valued at $3,252,000 after purchasing an additional 2,871 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Visa by 13.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 35,259 shares of the credit-card processor’s stock valued at $5,292,000 after purchasing an additional 4,171 shares in the last quarter. Institutional investors and hedge funds own 81.04% of the company’s stock.

V stock traded up $0.31 during midday trading on Friday, hitting $169.66. 4,999,900 shares of the stock traded hands, compared to its average volume of 8,052,020. The firm has a market cap of $338.65 billion, a PE ratio of 36.80, a P/E/G ratio of 1.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.62 and a current ratio of 1.62. Visa Inc has a 1-year low of $121.60 and a 1-year high of $172.20.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. Visa had a net margin of 51.34% and a return on equity of 40.56%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $1.11 earnings per share. Research analysts predict that Visa Inc will post 5.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, May 16th. Visa’s payout ratio is 21.69%.

V has been the topic of a number of recent analyst reports. Nomura upped their price target on shares of Visa from $151.00 to $175.00 in a research note on Thursday, April 11th. Goldman Sachs Group reiterated a “buy” rating and issued a $188.00 price objective on shares of Visa in a research note on Thursday, May 2nd. Cantor Fitzgerald reiterated a “buy” rating and issued a $181.00 price objective on shares of Visa in a research note on Sunday, April 28th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a research note on Saturday, April 27th. Finally, Jefferies Financial Group increased their price objective on shares of Visa from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $177.79.

In other Visa news, EVP William M. Sheedy sold 75,676 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the transaction, the executive vice president now directly owns 300,114 shares of the company’s stock, valued at $49,590,837.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

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Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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