First National Bank of Omaha increased its stake in Visa Inc (NYSE:V) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,668 shares of the credit-card processor’s stock after purchasing an additional 300 shares during the quarter. First National Bank of Omaha’s holdings in Visa were worth $484,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Markel Corp boosted its stake in Visa by 0.4% during the third quarter. Markel Corp now owns 924,400 shares of the credit-card processor’s stock valued at $138,743,000 after buying an additional 4,000 shares during the period. Rothschild Investment Corp IL lifted its stake in shares of Visa by 0.9% in the 3rd quarter. Rothschild Investment Corp IL now owns 49,539 shares of the credit-card processor’s stock valued at $7,435,000 after acquiring an additional 438 shares during the last quarter. BB&T Corp lifted its stake in shares of Visa by 6.0% in the 3rd quarter. BB&T Corp now owns 241,316 shares of the credit-card processor’s stock valued at $36,219,000 after acquiring an additional 13,724 shares during the last quarter. Reilly Financial Advisors LLC lifted its stake in shares of Visa by 6.2% in the 3rd quarter. Reilly Financial Advisors LLC now owns 18,095 shares of the credit-card processor’s stock valued at $2,716,000 after acquiring an additional 1,053 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of Visa in the 4th quarter valued at about $224,000. Institutional investors own 80.94% of the company’s stock.
V has been the topic of a number of research analyst reports. restated a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Jefferies Financial Group initiated coverage on Visa in a report on Monday, January 28th. They set a “buy” rating and a $135.99 price target on the stock. Cantor Fitzgerald restated a “buy” rating and set a $160.00 price target on shares of Visa in a report on Thursday, January 31st. SunTrust Banks restated an “outperform” rating and set a $250.00 price target on shares of Visa in a report on Friday, February 1st. Finally, Raymond James reiterated an “outperform” rating and set a $152.00 target price (down previously from $167.00) on shares of Visa in a report on Thursday, January 31st. One equities research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $169.68.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. The firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.41 billion. Visa had a return on equity of 39.32% and a net margin of 50.61%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. Equities research analysts anticipate that Visa Inc will post 5.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. Visa’s dividend payout ratio (DPR) is 21.69%.
In other Visa news, EVP Tullier Kelly Mahon sold 91,046 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $156.29, for a total value of $14,229,579.34. Following the completion of the sale, the executive vice president now owns 120,602 shares in the company, valued at approximately $18,848,886.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Ellen Richey sold 81,005 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total value of $11,339,889.95. The disclosure for this sale can be found here. Insiders sold a total of 193,531 shares of company stock valued at $28,797,949 over the last 90 days. 0.17% of the stock is currently owned by company insiders.
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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