Visa Inc (V) Shares Bought by Trust Co. of Oklahoma

Trust Co. of Oklahoma increased its position in Visa Inc (NYSE:V) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,990 shares of the credit-card processor’s stock after buying an additional 1,298 shares during the period. Visa accounts for approximately 2.7% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 6th biggest holding. Trust Co. of Oklahoma’s holdings in Visa were worth $5,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Visa by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock valued at $19,969,390,000 after purchasing an additional 640,593 shares during the last quarter. Vanguard Group Inc boosted its stake in Visa by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock valued at $19,969,390,000 after purchasing an additional 640,593 shares during the last quarter. BlackRock Inc. boosted its stake in Visa by 0.8% during the 3rd quarter. BlackRock Inc. now owns 122,485,390 shares of the credit-card processor’s stock valued at $18,383,832,000 after purchasing an additional 936,305 shares during the last quarter. FMR LLC boosted its stake in Visa by 1.7% during the 3rd quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock valued at $13,045,406,000 after purchasing an additional 1,450,809 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Visa by 3.9% during the 3rd quarter. Morgan Stanley now owns 29,757,958 shares of the credit-card processor’s stock valued at $4,466,371,000 after purchasing an additional 1,119,197 shares during the last quarter. Institutional investors own 80.94% of the company’s stock.

In related news, EVP Tullier Kelly Mahon sold 91,046 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $156.29, for a total value of $14,229,579.34. Following the completion of the transaction, the executive vice president now directly owns 120,602 shares in the company, valued at $18,848,886.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lynne Biggar sold 15,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $150.00, for a total transaction of $2,250,000.00. Following the completion of the transaction, the executive vice president now owns 22,294 shares of the company’s stock, valued at $3,344,100. The disclosure for this sale can be found here. Insiders have sold a total of 193,531 shares of company stock valued at $28,797,949 over the last 90 days. Company insiders own 0.17% of the company’s stock.

A number of equities analysts have recently weighed in on V shares. Oppenheimer boosted their target price on Visa from $162.00 to $176.00 and gave the stock an “outperform” rating in a research note on Wednesday. Cantor Fitzgerald restated a “buy” rating and issued a $160.00 target price on shares of Visa in a research note on Thursday, January 31st. Jefferies Financial Group started coverage on Visa in a research note on Monday, January 28th. They issued a “buy” rating and a $135.99 target price on the stock. SunTrust Banks restated an “outperform” rating and issued a $250.00 target price on shares of Visa in a research note on Friday, February 1st. Finally, Wedbush boosted their target price on Visa from $150.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Visa presently has an average rating of “Buy” and a consensus target price of $169.68.

V stock traded down $0.28 during midday trading on Friday, reaching $160.16. 7,859,406 shares of the company’s stock traded hands, compared to its average volume of 7,888,367. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50. Visa Inc has a 52 week low of $119.37 and a 52 week high of $161.10. The stock has a market capitalization of $321.50 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 1.83 and a beta of 1.00.

Visa (NYSE:V) last issued its earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The business had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.41 billion. Visa had a net margin of 50.61% and a return on equity of 39.32%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS. Equities research analysts anticipate that Visa Inc will post 5.32 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. Visa’s dividend payout ratio (DPR) is currently 21.69%.

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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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