Parkside Financial Bank & Trust Has $1.52 Million Stake in Visa Inc (NYSE:V)

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Parkside Financial Bank & Trust boosted its holdings in Visa Inc (NYSE:V) by 3.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,849 shares of the credit-card processor’s stock after acquiring an additional 298 shares during the period. Parkside Financial Bank & Trust’s holdings in Visa were worth $1,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of V. Fishman Jay A Ltd. MI raised its position in shares of Visa by 0.4% in the 3rd quarter. Fishman Jay A Ltd. MI now owns 107,860 shares of the credit-card processor’s stock valued at $18,553,000 after buying an additional 460 shares in the last quarter. Manitou Investment Management Ltd. raised its position in shares of Visa by 6.6% in the 3rd quarter. Manitou Investment Management Ltd. now owns 2,731 shares of the credit-card processor’s stock valued at $470,000 after buying an additional 170 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Visa by 2.4% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 26,796 shares of the credit-card processor’s stock valued at $4,609,000 after buying an additional 639 shares in the last quarter. Lenox Wealth Management Inc. raised its position in shares of Visa by 9.1% in the 3rd quarter. Lenox Wealth Management Inc. now owns 1,045 shares of the credit-card processor’s stock valued at $179,000 after buying an additional 87 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised its position in shares of Visa by 23.6% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 8,783 shares of the credit-card processor’s stock valued at $1,511,000 after buying an additional 1,676 shares in the last quarter. Institutional investors and hedge funds own 80.98% of the company’s stock.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $177.79, for a total transaction of $1,244,530.00. Following the sale, the chief executive officer now directly owns 55,446 shares of the company’s stock, valued at approximately $9,857,744.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vasant M. Prabhu sold 25,051 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the sale, the insider now directly owns 62,223 shares in the company, valued at $11,271,074.22. The disclosure for this sale can be found here. Insiders have sold a total of 53,215 shares of company stock worth $9,564,487 over the last ninety days. 0.17% of the stock is currently owned by insiders.

Shares of Visa stock traded up $0.54 during midday trading on Friday, hitting $178.97. 3,777,681 shares of the company traded hands, compared to its average volume of 7,614,820. The stock has a market cap of $349.90 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.56. The firm’s fifty day moving average price is $176.22 and its 200-day moving average price is $173.43. Visa Inc has a 12 month low of $121.60 and a 12 month high of $187.05.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.04. The company had revenue of $6.14 billion for the quarter, compared to analyst estimates of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 EPS. Equities research analysts forecast that Visa Inc will post 6.21 earnings per share for the current year.

The business also recently declared a dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. Visa’s dividend payout ratio (DPR) is presently 18.38%.

V has been the subject of several analyst reports. ValuEngine cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $166.00 to $182.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. BMO Capital Markets boosted their target price on shares of Visa from $231.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. SunTrust Banks boosted their target price on shares of Visa to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group set a $210.00 target price on shares of Visa and gave the company a “buy” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $199.04.

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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