Global Trust Asset Management LLC grew its position in Visa Inc. (NYSE:V – Get Rating) by 2.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,014 shares of the credit-card processor’s stock after buying an additional 269 shares during the period. Visa makes up about 1.1% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. Global Trust Asset Management LLC’s holdings in Visa were worth $2,258,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of V. Global Wealth Strategies & Associates purchased a new position in shares of Visa during the fourth quarter valued at approximately $26,000. JDM Financial Group LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $29,000. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $31,000. Financial Freedom LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Finally, St. James Investment Advisors LLC raised its holdings in shares of Visa by 58.7% during the fourth quarter. St. James Investment Advisors LLC now owns 219 shares of the credit-card processor’s stock valued at $45,000 after purchasing an additional 81 shares during the last quarter. 84.92% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Visa
In related news, CFO Vasant M. Prabhu sold 40,000 shares of the company’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $231.36, for a total transaction of $9,254,400.00. Following the sale, the chief financial officer now owns 73,638 shares of the company’s stock, valued at $17,036,887.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Vasant M. Prabhu sold 40,000 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of $231.36, for a total value of $9,254,400.00. Following the sale, the chief financial officer now owns 73,638 shares of the company’s stock, valued at $17,036,887.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Vasant M. Prabhu sold 13,343 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $234.26, for a total transaction of $3,125,731.18. Following the completion of the sale, the chief financial officer now directly owns 73,638 shares in the company, valued at approximately $17,250,437.88. The disclosure for this sale can be found here. Insiders have sold a total of 116,277 shares of company stock valued at $27,018,374 over the last 90 days. 0.21% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Visa Price Performance
Shares of NYSE:V opened at $226.30 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a fifty day moving average price of $228.47 and a 200 day moving average price of $223.40. Visa Inc. has a fifty-two week low of $174.60 and a fifty-two week high of $235.57. The firm has a market cap of $423.93 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 1.76 and a beta of 0.97.
Visa (NYSE:V – Get Rating) last issued its earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. Visa had a net margin of 50.95% and a return on equity of 50.21%. The firm had revenue of $7.99 billion during the quarter, compared to analyst estimates of $7.79 billion. During the same quarter in the prior year, the business earned $1.79 earnings per share. Visa’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc. will post 8.59 earnings per share for the current fiscal year.
Visa Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Thursday, May 11th. Visa’s payout ratio is 24.06%.
Visa Profile
Visa Inc operates as a payments technology company worldwide. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; and Visa DPS that provides a range of value added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
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