PICTET BANK & TRUST Ltd Sells 32,380 Shares of Visa Inc (V)

PICTET BANK & TRUST Ltd decreased its holdings in shares of Visa Inc (NYSE:V) by 63.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,790 shares of the credit-card processor’s stock after selling 32,380 shares during the period. Visa makes up 1.0% of PICTET BANK & TRUST Ltd’s holdings, making the stock its 28th largest position. PICTET BANK & TRUST Ltd’s holdings in Visa were worth $2,479,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of V. Regent Investment Management LLC boosted its stake in Visa by 0.4% in the 4th quarter. Regent Investment Management LLC now owns 17,175 shares of the credit-card processor’s stock worth $2,266,000 after purchasing an additional 75 shares during the period. Indiana Trust & Investment Management CO boosted its stake in Visa by 1.1% in the 4th quarter. Indiana Trust & Investment Management CO now owns 7,352 shares of the credit-card processor’s stock worth $970,000 after purchasing an additional 83 shares during the period. Rehmann Capital Advisory Group boosted its stake in Visa by 0.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 10,088 shares of the credit-card processor’s stock worth $1,514,000 after purchasing an additional 85 shares during the period. SPC Financial Inc. boosted its stake in Visa by 1.1% in the 4th quarter. SPC Financial Inc. now owns 7,972 shares of the credit-card processor’s stock worth $1,052,000 after purchasing an additional 85 shares during the period. Finally, Lourd Capital LLC boosted its stake in Visa by 1.5% in the 4th quarter. Lourd Capital LLC now owns 6,711 shares of the credit-card processor’s stock worth $885,000 after purchasing an additional 97 shares during the period. Institutional investors own 80.94% of the company’s stock.

Visa stock opened at $160.16 on Monday. Visa Inc has a one year low of $119.37 and a one year high of $161.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $321.50 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, January 30th. The credit-card processor reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.05. Visa had a net margin of 50.61% and a return on equity of 39.32%. The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same period in the prior year, the business posted $1.08 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts expect that Visa Inc will post 5.32 earnings per share for the current fiscal year.

The firm 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 dividend of $0.25 per share. The ex-dividend date of this dividend 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 is 21.69%.

A number of brokerages recently weighed in on V. Jefferies Financial Group upped their target price 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. Wedbush upped their target price on shares of Visa from $150.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Oppenheimer upped their target price on shares of Visa from $162.00 to $176.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Nomura upped their target price on shares of Visa from $151.00 to $175.00 in a research note on Thursday, April 11th. Finally, Deutsche Bank upped their target price on shares of Visa from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $169.68.

In other news, EVP Tullier Kelly Mahon sold 91,046 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 120,602 shares of the company’s stock, valued at approximately $18,848,886.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Ellen Richey sold 81,005 shares of the company’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $139.99, for a total transaction of $11,339,889.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 193,531 shares of company stock valued at $28,797,949. Company insiders own 0.17% of the company’s stock.

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Visa 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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