Visa Inc. (NYSE:V) Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division lowered its position in shares of Visa Inc. (NYSE:V - Free Report) by 13.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,210 shares of the credit-card processor's stock after selling 5,957 shares during the quarter. Visa accounts for about 1.3% of First Financial Bank Trust Division's investment portfolio, making the stock its 19th largest position. First Financial Bank Trust Division's holdings in Visa were worth $13,391,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa during the fourth quarter valued at $27,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Compass Planning Associates Inc bought a new stake in Visa during the 4th quarter valued at about $32,000. FPC Investment Advisory Inc. lifted its holdings in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after buying an additional 83 shares in the last quarter. Finally, NewSquare Capital LLC bought a new stake in Visa during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Activity

In related news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 in the last ninety days. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a report on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $366.13.

Visa Stock Performance

NYSE:V traded up $3.03 during trading hours on Friday, hitting $365.43. 8,725,642 shares of the company were exchanged, compared to its average volume of 7,023,748. The stock has a market capitalization of $674.28 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company's 50 day moving average price is $343.40 and its 200-day moving average price is $333.54.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. Visa's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 EPS. As a group, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is currently 23.72%.

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.