Argent Trust Co Has $32.07 Million Holdings in Visa Inc. (NYSE:V)

Argent Trust Co trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,462 shares of the credit-card processor's stock after selling 1,041 shares during the period. Visa accounts for approximately 1.3% of Argent Trust Co's holdings, making the stock its 13th biggest position. Argent Trust Co's holdings in Visa were worth $32,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Howard Capital Management Group LLC boosted its stake in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock valued at $29,242,000 after buying an additional 610 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after purchasing an additional 411,210 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of Visa in the 3rd quarter worth approximately $69,000. Toronto Dominion Bank raised its holdings in shares of Visa by 5.6% in the 3rd quarter. Toronto Dominion Bank now owns 591,175 shares of the credit-card processor's stock worth $162,544,000 after purchasing an additional 31,245 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in Visa during the third quarter valued at approximately $5,156,000. Institutional investors own 82.15% of the company's stock.

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Insider Activity

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

V stock traded up $0.50 during trading on Monday, reaching $333.90. 2,361,350 shares of the stock were exchanged, compared to its average volume of 7,255,444. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $620.31 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The stock has a 50 day simple moving average of $342.40 and a 200-day simple moving average of $319.09.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley increased their price objective on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. UBS Group increased their price target on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

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.