Central Bank & Trust Co. trimmed its position in Visa Inc (NYSE:V) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,927 shares of the credit-card processor’s stock after selling 12,774 shares during the quarter. Visa comprises approximately 2.0% of Central Bank & Trust Co.’s holdings, making the stock its 9th biggest position. Central Bank & Trust Co.’s holdings in Visa were worth $8,201,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. E&G Advisors LP grew its holdings in Visa by 89.0% during the 4th quarter. E&G Advisors LP now owns 5,308 shares of the credit-card processor’s stock valued at $605,000 after buying an additional 2,500 shares in the last quarter. Bank of Montreal Can grew its holdings in Visa by 25.7% during the 4th quarter. Bank of Montreal Can now owns 4,427,679 shares of the credit-card processor’s stock valued at $504,842,000 after buying an additional 904,773 shares in the last quarter. Wendell David Associates Inc. grew its holdings in Visa by 7.2% during the 4th quarter. Wendell David Associates Inc. now owns 13,776 shares of the credit-card processor’s stock valued at $1,571,000 after buying an additional 925 shares in the last quarter. 440 Investment Group LLC grew its holdings in Visa by 9.0% during the 4th quarter. 440 Investment Group LLC now owns 6,684 shares of the credit-card processor’s stock valued at $762,000 after buying an additional 550 shares in the last quarter. Finally, Oakmont Partners LLC purchased a new stake in Visa during the 4th quarter valued at approximately $319,000. 81.54% of the stock is owned by institutional investors.
In other news, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the completion of the sale, the director now directly owns 57,368 shares in the company, valued at $6,526,183.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lynne Biggar sold 1,712 shares of Visa stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,634 shares of company stock valued at $6,562,157. Corporate insiders own 0.14% of the company’s stock.
Shares of Visa Inc (V) opened at $124.24 on Tuesday. The stock has a market capitalization of $280,400.00, a price-to-earnings ratio of 48.72, a P/E/G ratio of 1.65 and a beta of 1.00. Visa Inc has a 52-week low of $87.85 and a 52-week high of $126.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.82 billion. Visa had a return on equity of 32.97% and a net margin of 38.12%. Visa’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. analysts anticipate that Visa Inc will post 4.36 EPS for the current year.
Visa announced that its board has authorized a stock repurchase program on Thursday, February 1st that allows the company to buyback $7.50 billion in shares. This buyback authorization allows the credit-card processor to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.68%. This is an increase from Visa’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, February 15th. Visa’s dividend payout ratio (DPR) is 32.94%.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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