New Hampshire Trust Has $3.25 Million Holdings in Visa Inc. (NYSE:V)

New Hampshire Trust reduced its stake in shares of Visa Inc. (NYSE:V) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,678 shares of the credit-card processor’s stock after selling 280 shares during the quarter. New Hampshire Trust’s holdings in Visa were worth $3,248,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its holdings in shares of Visa by 116,608.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after acquiring an additional 24,483,134 shares during the period. Norges Bank bought a new position in shares of Visa during the 4th quarter worth about $3,067,232,000. Morgan Stanley lifted its holdings in shares of Visa by 13.0% during the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after acquiring an additional 5,864,340 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Visa by 130.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,042,098 shares of the credit-card processor’s stock worth $680,069,000 after acquiring an additional 3,986,135 shares during the period. Finally, State Street Corp lifted its holdings in shares of Visa by 3.7% during the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after acquiring an additional 2,572,159 shares during the period. 81.35% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 1.5 %

Shares of NYSE:V opened at $244.64 on Tuesday. Visa Inc. has a one year low of $174.60 and a one year high of $250.06. The company has a 50 day moving average of $241.67 and a 200-day moving average of $232.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $455.48 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 1.81 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 25th. The credit-card processor reported $2.16 EPS for the quarter, topping the consensus estimate of $2.11 by $0.05. Visa had a net margin of 51.94% and a return on equity of 49.42%. The company had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter in the previous year, the company earned $1.98 EPS. Visa’s revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc. will post 8.65 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, August 10th. Visa’s dividend payout ratio is 22.84%.

Insider Transactions at Visa

In related news, insider Rajat Taneja sold 2,300 shares of Visa stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total transaction of $552,000.00. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $55,706,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Ryan Mcinerney sold 24,025 shares of Visa stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total transaction of $5,766,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 2,300 shares of Visa stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total transaction of $552,000.00. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $55,706,880. The disclosure for this sale can be found here. Insiders sold a total of 81,550 shares of company stock worth $19,795,806 in the last quarter. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on V. StockNews.com initiated coverage on shares of Visa in a report on Thursday, August 17th. They set a “buy” rating for the company. Wedbush reiterated an “outperform” rating and set a $270.00 target price on shares of Visa in a research report on Thursday, August 31st. JPMorgan Chase & Co. increased their target price on shares of Visa from $265.00 to $296.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 22nd. Jefferies Financial Group increased their target price on shares of Visa from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Mizuho reiterated a “neutral” rating and set a $255.00 target price on shares of Visa in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $273.77.

Visa Company 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.