Savings bank

Shares of Visa Inc. (NYSE:V) acquired by Bangor Savings Bank


Bangor Savings Bank increased its position in Visa Inc. (NYSE:V – Get Rating) shares by 0.9% in the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The fund held 12,434 shares of the credit card processor after acquiring 105 additional shares during the quarter. Bangor Savings Bank’s holdings in Visa were worth $2,758,000 when it last filed with the SEC.

Several other institutional investors have also recently changed their positions in V. Capital Advisors Wealth Management LLC increased its holdings of Visa shares by 0.4% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 10,563 shares of the credit card processor valued at $2,289,000 after buying 45 more shares in the last quarter. Corbett Road Capital Management LLC increased its holdings of Visa shares by 3.1% in the fourth quarter. Corbett Road Capital Management LLC now owns 1,486 shares of the credit card processor valued at $322,000 after buying 45 additional shares in the last quarter. IVC Wealth Advisors LLC increased its holdings of Visa shares by 0.8% in the fourth quarter. IVC Wealth Advisors LLC now owns 5,757 shares of the credit card processor valued at $1,248,000 after buying 46 additional shares in the last quarter. Financial Consulate Inc. increased its holdings of Visa shares by 1.0% in the fourth quarter. Financial Consulate Inc. now owns 4,851 shares of the credit card processor valued at $1,051,000 after buying 46 more shares in the last quarter. Finally, Tranquilli Financial Advisor LLC increased its holding in Visa shares by 3.1% in the fourth quarter. Tranquilli Financial Advisor LLC now owns 1,537 shares of the credit card processor valued at $333,000 after buying 46 more shares in the last quarter. 80.77% of the shares are held by institutional investors and hedge funds.

In other Visa news, Chairman Ryan Mcinerney sold 6,467 shares of the company in a trade on Friday, April 1. The stock was sold at an average price of $223.65, for a total value of $1,446,344.55. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Additionally, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company in a trade on Thursday, March 31. The shares were sold at an average price of $223.91, for a total value of $2,015,190.00. The disclosure of this sale can be found here. During the last quarter, insiders sold 33,467 shares of the company valued at $7,322,535. 0.21% of the shares are currently held by insiders of the company.

NYSE:V opened at $205.51 on Monday. The company has a market capitalization of $390.73 billion, a PE ratio of 32.31, a growth price-earnings ratio of 1.75 and a beta of 0.90. The stock has a fifty-day moving average price of $204.67 and a 200-day moving average price of $212.21. Visa Inc. has a 12-month minimum of $185.91 and a 12-month maximum of $252.67. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt ratio of 0.53.

Visa (NYSE:V – Get Rating) last released its results on Tuesday, April 26. The credit card processor reported earnings per share (EPS) of $1.79 for the quarter, beating analyst consensus estimates of $1.65 by $0.14. The company posted revenue of $7.19 billion in the quarter, versus analyst estimates of $6.82 billion. Visa had a return on equity of 42.89% and a net margin of 51.10%. Visa’s revenues increased by 25.5% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $1.38. Equity analysts expect Visa Inc. to post EPS of 7.16 for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1. Investors of record on Friday, May 13 received a dividend of $0.375. The ex-dividend date was Thursday, May 12. This represents a dividend of $1.50 on an annualized basis and a yield of 0.73%. Visa’s dividend payout ratio (DPR) is currently 23.58%.

V has been the subject of several recent research reports. Barclays cut its price target on Visa from $265.00 to $260.00 and set an “overweight” rating for the company in a Monday, April 4 report. Morgan Stanley raised its price target on Visa from $279.00 to $284.00 in a Wednesday, April 27 report. Credit Suisse Group raised its price target on Visa from $260.00 to $265.00 and gave the stock an “outperform” rating in a Wednesday, April 27 research report. Cowen lowered its price target on Visa from $276.00 to $254.00 and set an “outperform” rating for the company in a Wednesday, April 27 research report. Finally, the Goldman Sachs group began covering Visa in a research report on Tuesday, May 17. They issued a “buy” rating and a price target of $282.00 for the company. Five equity research analysts gave the stock a hold rating and twenty-one gave the stock a buy rating. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $267.44.

About Visa (Get an assessment)

Visa Inc operates as a worldwide payment technology company. The company facilitates digital payments between consumers, merchants, financial institutions, businesses, strategic partners and government entities. It operates VisaNet, a transaction processing network that enables the authorization, clearing and settlement of payment transactions.

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Institutional ownership by quarter for Visa (NYSE:V)



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