First Interstate Bank Has $1.63 Million Position in Visa Inc (V)

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First Interstate Bank lowered its holdings in Visa Inc (NYSE:V) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,350 shares of the credit-card processor’s stock after selling 90 shares during the period. First Interstate Bank’s holdings in Visa were worth $1,629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Regentatlantic Capital LLC boosted its holdings in Visa by 6.3% in the fourth quarter. Regentatlantic Capital LLC now owns 11,084 shares of the credit-card processor’s stock valued at $1,462,000 after purchasing an additional 658 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Visa by 1.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 40,785 shares of the credit-card processor’s stock worth $5,381,000 after buying an additional 470 shares during the last quarter. Old Port Advisors bought a new position in Visa during the 4th quarter worth approximately $552,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC bought a new position in Visa during the 4th quarter worth approximately $258,000. Finally, Mondrian Capital Management LLC bought a new position in Visa during the 4th quarter worth approximately $132,000. 80.94% of the stock is owned by hedge funds and other institutional investors.

V has been the topic of a number of research analyst reports. reaffirmed a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Jefferies Financial Group initiated coverage on Visa in a report on Monday, January 28th. They set a “buy” rating and a $135.99 target price on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $160.00 target price on shares of Visa in a report on Thursday, January 31st. SunTrust Banks reaffirmed an “outperform” rating and set a $250.00 target price on shares of Visa in a report on Friday, February 1st. Finally, Raymond James reaffirmed an “outperform” rating and set a $152.00 target price (down previously from $167.00) on shares of Visa in a report on Thursday, January 31st. One research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $169.68.

In related news, Vice Chairman Ellen Richey sold 81,005 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total value of $11,339,889.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP James H. Hoffmeister sold 6,480 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total value of $978,480.00. Following the completion of the sale, the senior vice president now directly owns 6,480 shares in the company, valued at approximately $978,480. The disclosure for this sale can be found here. In the last three months, insiders sold 193,531 shares of company stock worth $28,797,949. Company insiders own 0.17% of the company’s stock.

Shares of NYSE V opened at $160.16 on Friday. The company has a market capitalization of $321.50 billion, a P/E ratio of 34.74, a P/E/G ratio of 1.83 and a beta of 1.00. Visa Inc has a 12-month low of $119.37 and a 12-month high of $161.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.50 and a current ratio of 1.50.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.05. The business had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.41 billion. Visa had a return on equity of 39.32% and a net margin of 50.61%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. On average, research analysts forecast that Visa Inc will post 5.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 21.69%.

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Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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