Arbor Trust Wealth Advisors LLC Increases Stock Holdings in Visa Inc. (NYSE:V)

Arbor Trust Wealth Advisors LLC lifted its holdings in Visa Inc. (NYSE:V) by 1.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,404 shares of the credit-card processor’s stock after acquiring an additional 135 shares during the quarter. Visa comprises approximately 1.6% of Arbor Trust Wealth Advisors LLC’s holdings, making the stock its 21st biggest position. Arbor Trust Wealth Advisors LLC’s holdings in Visa were worth $2,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Allen Capital Group LLC raised its holdings in Visa by 7.1% during the 4th quarter. Allen Capital Group LLC now owns 10,223 shares of the credit-card processor’s stock valued at $2,662,000 after acquiring an additional 675 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Visa by 3.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,144,449 shares of the credit-card processor’s stock worth $297,957,000 after purchasing an additional 34,331 shares during the last quarter. West Paces Advisors Inc. raised its position in Visa by 3.4% during the fourth quarter. West Paces Advisors Inc. now owns 2,981 shares of the credit-card processor’s stock valued at $776,000 after purchasing an additional 97 shares in the last quarter. Desjardins Global Asset Management Inc. lifted its stake in Visa by 7.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 15,213 shares of the credit-card processor’s stock worth $3,962,000 after purchasing an additional 999 shares during the last quarter. Finally, Wealth Alliance boosted its holdings in shares of Visa by 2.3% in the 4th quarter. Wealth Alliance now owns 12,221 shares of the credit-card processor’s stock worth $3,182,000 after purchasing an additional 269 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,511 shares of company stock worth $15,131,081. Corporate insiders own 0.19% of the company’s stock.

Visa Price Performance

Visa stock opened at $272.69 on Thursday. The firm has a market capitalization of $500.80 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The firm has a 50-day moving average price of $279.80 and a 200-day moving average price of $262.56. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the business earned $2.18 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s payout ratio is presently 23.94%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on V shares. Barclays increased their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Royal Bank of Canada boosted their price target on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Wells Fargo & Company increased their price objective on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Wedbush upped their target price on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Evercore ISI boosted their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. 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, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; 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.