Family Capital Trust Co Boosts Holdings in Visa Inc. (NYSE:V)

Family Capital Trust Co increased its position in shares of Visa Inc. (NYSE:V) by 100.3% in the fourth quarter, HoldingsChannel reports. The firm owned 59,304 shares of the credit-card processor’s stock after purchasing an additional 29,703 shares during the period. Visa makes up approximately 5.9% of Family Capital Trust Co’s investment portfolio, making the stock its 2nd biggest holding. Family Capital Trust Co’s holdings in Visa were worth $17,525,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the fourth quarter valued at $26,000. Peterson Financial Group Inc. bought a new stake in Visa during the 3rd quarter worth about $26,000. Modus Advisors LLC acquired a new stake in Visa in the 4th quarter valued at about $32,000. Reston Wealth Management LLC bought a new position in shares of Visa in the third quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $44,000. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock valued at $19,830,050 over the last three months. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on V shares. Barclays boosted their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. BMO Capital Markets boosted their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 31st. TD Cowen lifted their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley upped their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Visa Stock Performance

Shares of V stock opened at $350.88 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $352.12. The company’s 50 day moving average price is $321.77 and its two-hundred day moving average price is $296.88. The company has a market capitalization of $651.85 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is 23.79%.

Visa 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.