CENTRAL TRUST Co Decreases Stock Holdings in Visa Inc. (NYSE:V)

CENTRAL TRUST Co lessened its holdings in Visa Inc. (NYSE:V) by 0.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,879 shares of the credit-card processor’s stock after selling 68 shares during the quarter. CENTRAL TRUST Co’s holdings in Visa were worth $21,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of V. Global Assets Advisory LLC purchased a new stake in shares of Visa during the 3rd quarter worth approximately $1,156,000. JCIC Asset Management Inc. raised its stake in Visa by 1.0% during the 3rd quarter. JCIC Asset Management Inc. now owns 26,448 shares of the credit-card processor’s stock worth $7,272,000 after acquiring an additional 250 shares in the last quarter. Romano Brothers AND Company lifted its position in Visa by 1.7% in the third quarter. Romano Brothers AND Company now owns 8,490 shares of the credit-card processor’s stock valued at $2,334,000 after acquiring an additional 145 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its stake in Visa by 1.6% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 7,015 shares of the credit-card processor’s stock valued at $1,929,000 after acquiring an additional 113 shares in the last quarter. Finally, Great Lakes Retirement Inc. grew its holdings in shares of Visa by 7.1% during the third quarter. Great Lakes Retirement Inc. now owns 46,635 shares of the credit-card processor’s stock worth $12,822,000 after purchasing an additional 3,075 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on V. Compass Point initiated coverage on Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price for the company. William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. BMO Capital Markets raised their target price on shares of Visa from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, TD Cowen dropped their price objective on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $314.19.

Visa Stock Down 0.2 %

V opened at $283.22 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $517.99 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 1.96 and a beta of 0.96. Visa Inc. has a one year low of $228.03 and a one year high of $293.07. The business’s fifty day moving average is $278.40 and its two-hundred day moving average is $273.10.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same period in the previous year, the firm earned $2.16 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Company 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.