Visa Inc (V) Shares Bought by First Financial Bank Trust Division

First Financial Bank Trust Division raised its stake in Visa Inc (NYSE:V) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,029 shares of the credit-card processor’s stock after buying an additional 1,059 shares during the period. Visa accounts for 1.5% of First Financial Bank Trust Division’s holdings, making the stock its 17th largest holding. First Financial Bank Trust Division’s holdings in Visa were worth $8,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Wallington Asset Management LLC raised its stake in shares of Visa by 3.8% during the second quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock valued at $5,419,000 after acquiring an additional 2,090 shares during the last quarter. iAB Financial Bank raised its stake in shares of Visa by 2.6% during the second quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock valued at $5,342,000 after acquiring an additional 1,423 shares during the last quarter. Carret Asset Management LLC raised its stake in shares of Visa by 4.5% during the first quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock valued at $2,403,000 after acquiring an additional 1,153 shares during the last quarter. Cypress Asset Management Inc. TX raised its stake in shares of Visa by 31.1% during the second quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock valued at $1,380,000 after acquiring an additional 3,495 shares during the last quarter. Finally, Heritage Trust Co raised its stake in shares of Visa by 51.4% during the second quarter. Heritage Trust Co now owns 4,520 shares of the credit-card processor’s stock valued at $424,000 after acquiring an additional 1,535 shares during the last quarter. Hedge funds and other institutional investors own 81.49% of the company’s stock.

V has been the subject of a number of analyst reports. Mizuho reissued a “buy” rating and set a $115.00 target price on shares of Visa in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Tuesday, September 19th. BMO Capital Markets lifted their target price on shares of Visa from $116.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. UBS reissued an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Finally, Vetr downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $113.35 target price for the company. in a research note on Wednesday, October 25th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $117.23.

In other news, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total transaction of $707,587.20. Following the completion of the transaction, the director now directly owns 57,368 shares in the company, valued at $6,526,183.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the transaction, the executive vice president now owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock valued at $6,597,262 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Shares of Visa Inc (NYSE V) opened at $112.41 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The company has a market cap of $254,740.00, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. Visa Inc has a twelve month low of $77.19 and a twelve month high of $114.75.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. equities analysts predict that Visa Inc will post 4.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.69%. This is a boost from Visa’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, November 16th. Visa’s dividend payout ratio (DPR) is presently 27.86%.

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About Visa

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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