Visa Inc. (NYSE:V) Stake Trimmed by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lessened its holdings in Visa Inc. (NYSE:V - Free Report) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 245,810 shares of the credit-card processor's stock after selling 9,328 shares during the period. Visa makes up approximately 2.3% of Stock Yards Bank & Trust Co.'s portfolio, making the stock its 9th biggest holding. Stock Yards Bank & Trust Co.'s holdings in Visa were worth $63,997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of V. Altshuler Shaham Ltd purchased a new position in Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the fourth quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC raised its holdings in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor's stock valued at $33,000 after acquiring an additional 120 shares during the period. Valued Wealth Advisors LLC bought a new stake in Visa during the 4th quarter valued at $37,000. Finally, Macroview Investment Management LLC raised its holdings in Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor's stock valued at $67,000 after acquiring an additional 265 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company's stock, valued at $150,833.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,965 shares of company stock worth $5,256,352. Company insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Visa from $305.00 to $315.00 and gave the company an "outperform" rating in a report on Friday, January 26th. Raymond James upped their price target on shares of Visa from $287.00 to $311.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. KeyCorp upped their price target on shares of Visa from $275.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, January 8th. Wells Fargo & Company upped their price target on shares of Visa from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Wednesday, March 6th. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $298.43.

Visa Trading Up 0.7 %

NYSE V traded up $1.90 during trading on Tuesday, hitting $274.23. 6,408,340 shares of the company's stock traded hands, compared to its average volume of 5,876,290. The stock has a fifty day moving average of $279.52 and a two-hundred day moving average of $263.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The firm has a market cap of $503.63 billion, a P/E ratio of 31.54, a PEG ratio of 1.86 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. Visa's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.18 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa's dividend payout ratio is currently 23.94%.

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.