Visa Inc (V) Stake Raised by Tompkins Financial Corp
Tompkins Financial Corp raised its position in Visa Inc (NYSE:V) by 50.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,556 shares of the credit-card processor’s stock after buying an additional 856 shares during the period. Tompkins Financial Corp’s holdings in Visa were worth $195,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Integrated Investment Consultants LLC increased its stake in Visa by 0.7% in the first quarter. Integrated Investment Consultants LLC now owns 2,961 shares of the credit-card processor’s stock worth $263,000 after buying an additional 20 shares during the period. Sullivan Bruyette Speros & Blaney LLC increased its stake in Visa by 0.6% in the fourth quarter. Sullivan Bruyette Speros & Blaney LLC now owns 4,601 shares of the credit-card processor’s stock worth $359,000 after buying an additional 28 shares during the period. Dumont & Blake Investment Advisors LLC increased its stake in Visa by 0.4% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 7,350 shares of the credit-card processor’s stock worth $608,000 after buying an additional 30 shares during the period. Weybosset Research & Management LLC increased its stake in Visa by 1.1% in the first quarter. Weybosset Research & Management LLC now owns 2,885 shares of the credit-card processor’s stock worth $256,000 after buying an additional 30 shares during the period. Finally, Adirondack Trust Co. increased its stake in Visa by 1.6% in the first quarter. Adirondack Trust Co. now owns 2,195 shares of the credit-card processor’s stock worth $195,000 after buying an additional 35 shares during the period. 80.14% of the stock is owned by institutional investors and hedge funds.
Visa Inc (NYSE:V) opened at 91.71 on Friday. Visa Inc has a 1-year low of $73.25 and a 1-year high of $93.72. The stock has a 50 day moving average of $90.86 and a 200-day moving average of $85.15. The firm has a market capitalization of $211.52 billion, a P/E ratio of 45.76 and a beta of 1.00.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, April 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Visa had a net margin of 38.30% and a return on equity of 26.48%. The firm’s revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. On average, equities research analysts anticipate that Visa Inc will post $3.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Friday, May 19th will be given a $0.165 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.66 annualized dividend and a yield of 0.72%. Visa’s dividend payout ratio is currently 26.09%.
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A number of research firms have weighed in on V. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $95.32 target price for the company in a research report on Thursday, April 27th. Wedbush upgraded Visa from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $77.00 to $96.00 in a research report on Friday, January 20th. Royal Bank of Canada upped their target price on Visa from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. Morgan Stanley restated an “overweight” rating on shares of Visa in a research report on Wednesday, March 8th. Finally, Cowen and Company restated an “outperform” rating and issued a $100.00 target price on shares of Visa in a research report on Monday, March 27th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $95.09.
In related news, Vice Chairman Ellen Richey sold 31,260 shares of the business’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total value of $2,874,044.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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