Bremer Trust National Association Has $1.17 Million Holdings in Visa Inc. (V)
Bremer Trust National Association trimmed its holdings in shares of Visa Inc. (NYSE:V) by 14.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,514 shares of the credit-card processor’s stock after selling 2,135 shares during the period. Bremer Trust National Association’s holdings in Visa were worth $1,173,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mercer Capital Advisers Inc. boosted its position in Visa by 2.2% during the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares during the period. Advantage Investment Management LLC boosted its position in Visa by 27.4% during the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock valued at $130,000 after buying an additional 314 shares during the period. Delta Asset Management LLC TN boosted its position in Visa by 2.5% during the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock valued at $137,000 after buying an additional 38 shares during the period. State of Alaska Department of Revenue purchased a new stake in Visa during the first quarter valued at about $153,000. Finally, Tarbox Group Inc. boosted its position in Visa by 259.5% during the first quarter. Tarbox Group Inc. now owns 2,139 shares of the credit-card processor’s stock valued at $190,000 after buying an additional 1,544 shares during the period. Institutional investors and hedge funds own 81.74% of the company’s stock.
In related news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
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Shares of Visa Inc. (V) traded down 0.74% during midday trading on Friday, hitting $105.30. 12,622,921 shares of the company traded hands. The stock has a market capitalization of $240.76 billion, a P/E ratio of 39.16 and a beta of 0.94. The company has a 50-day moving average price of $102.82 and a 200-day moving average price of $95.21. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $106.84.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. Visa’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. Analysts anticipate that Visa Inc. will post $3.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. Visa’s dividend payout ratio (DPR) is presently 24.54%.
Several research firms have issued reports on V. Vetr upgraded shares of Visa from a “sell” rating to a “hold” rating and set a $105.08 price target for the company in a research report on Wednesday. BMO Capital Markets restated an “outperform” rating on shares of Visa in a research report on Tuesday, September 12th. KeyCorp reiterated a “buy” rating and set a $110.00 target price on shares of Visa in a report on Friday, August 25th. UBS AG reiterated an “overweight” rating on shares of Visa in a report on Thursday, August 24th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Visa in a report on Thursday, August 24th. Four analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $105.35.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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