Visa Inc. (NYSE:V) Shares Acquired by Cambridge Trust Co.

Cambridge Trust Co. boosted its holdings in Visa Inc. (NYSE:V) by 3.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 211,594 shares of the credit-card processor’s stock after purchasing an additional 6,710 shares during the quarter. Visa accounts for about 2.3% of Cambridge Trust Co.’s portfolio, making the stock its 6th biggest position. Cambridge Trust Co.’s holdings in Visa were worth $55,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. BCK Partners Inc. bought a new stake in Visa in the first quarter worth about $2,717,000. Markel Corp raised its holdings in Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after buying an additional 3,065 shares during the period. AMI Investment Management Inc. acquired a new stake in Visa during the 1st quarter worth about $2,323,000. Ergoteles LLC acquired a new stake in Visa during the 1st quarter worth about $538,000. Finally, XTX Topco Ltd acquired a new stake in Visa during the 1st quarter worth about $1,496,000. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Down 0.6 %

Shares of NYSE V opened at $269.71 on Friday. The stock has a market cap of $495.33 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 1.87 and a beta of 0.96. The business has a 50 day simple moving average of $279.58 and a 200 day simple moving average of $262.89. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

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

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s payout ratio is currently 23.94%.

Insiders Place Their Bets

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 stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold 18,965 shares of company stock valued at $5,256,352 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on V shares. Robert W. Baird boosted their price objective on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group boosted their price objective on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Evercore ISI boosted their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. TD Cowen started coverage on Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective on the stock. Finally, KeyCorp boosted their price objective on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $298.43.

About Visa

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.