Visa Inc. (NYSE:V) Holdings Reduced by Wesbanco Bank Inc.

Wesbanco Bank Inc. decreased its position in Visa Inc. (NYSE:V) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,007 shares of the credit-card processor’s stock after selling 360 shares during the period. Wesbanco Bank Inc.’s holdings in Visa were worth $2,531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MBB Public Markets I LLC boosted its holdings in shares of Visa by 2,662.4% in the second quarter. MBB Public Markets I LLC now owns 112,514 shares of the credit-card processor’s stock valued at $29,532,000 after acquiring an additional 108,441 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in shares of Visa by 28.3% in the second quarter. Maverick Capital Ltd. now owns 590,112 shares of the credit-card processor’s stock valued at $154,887,000 after acquiring an additional 130,254 shares in the last quarter. Matrix Private Capital Group LLC boosted its holdings in shares of Visa by 2.3% in the second quarter. Matrix Private Capital Group LLC now owns 2,244 shares of the credit-card processor’s stock valued at $589,000 after acquiring an additional 50 shares in the last quarter. Marshfield Associates boosted its holdings in shares of Visa by 0.3% in the second quarter. Marshfield Associates now owns 925,954 shares of the credit-card processor’s stock valued at $243,035,000 after acquiring an additional 2,825 shares in the last quarter. Finally, Makena Capital Management LLC boosted its holdings in shares of Visa by 1.7% in the second quarter. Makena Capital Management LLC now owns 61,525 shares of the credit-card processor’s stock valued at $16,148,000 after acquiring an additional 1,020 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Stock Up 0.6 %

Visa stock opened at $330.20 on Friday. The firm’s 50 day moving average price is $314.54 and its two-hundred day moving average price is $289.98. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $331.09. The firm has a market cap of $615.11 billion, a PE ratio of 33.94, a P/E/G ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $2.33 EPS. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts predict that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. Visa’s dividend payout ratio is 24.25%.

Wall Street Analysts Forecast Growth

V has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Susquehanna increased their target price on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. TD Cowen increased their target price on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $334.58.

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.