First National Bank of Omaha Boosts Stake in Visa (V)

First National Bank of Omaha grew its position in Visa (NYSE:V) by 24.4% during the 4th quarter, Holdings Channel reports. The firm owned 3,436 shares of the credit-card processor’s stock after purchasing an additional 675 shares during the period. First National Bank of Omaha’s holdings in Visa were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Visa by 2.1% during the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after buying an additional 2,628,148 shares in the last quarter. BlackRock Inc. grew its position in Visa by 1.3% during the second quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock worth $10,751,846,000 after buying an additional 1,440,034 shares in the last quarter. Jennison Associates LLC grew its position in Visa by 1.0% during the third quarter. Jennison Associates LLC now owns 21,283,466 shares of the credit-card processor’s stock worth $2,239,872,000 after buying an additional 209,764 shares in the last quarter. Bank of New York Mellon Corp grew its position in Visa by 9.3% during the third quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock worth $2,019,358,000 after buying an additional 1,624,700 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Visa by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 16,419,486 shares of the credit-card processor’s stock worth $1,872,150,000 after buying an additional 448,015 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors.

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In other news, EVP Lynne Biggar sold 1,712 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on V shares. Susquehanna Bancshares increased their price target on Visa from $126.00 to $148.00 in a research report on Thursday, December 28th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $141.00 price target on shares of Visa in a research report on Friday, December 22nd. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Thursday, January 25th. Cowen reissued a “buy” rating and set a $129.00 price target on shares of Visa in a research report on Friday, January 12th. Finally, Citigroup reissued a “buy” rating and set a $136.00 price target (up previously from $124.00) on shares of Visa in a research report on Friday, January 12th. Two research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $135.19.

Shares of V opened at $121.88 on Tuesday. Visa has a 52 week low of $88.75 and a 52 week high of $126.88. The firm has a market capitalization of $248,809.86, a PE ratio of 35.02, a PEG ratio of 1.59 and a beta of 0.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the company earned $0.86 EPS. Visa’s revenue was up 9.0% compared to the same quarter last year. analysts expect that Visa will post 4.39 EPS for the current year.

Visa declared that its Board of Directors has approved a share buyback plan on Thursday, February 1st that permits the company to repurchase $7.50 billion in shares. This repurchase authorization permits the credit-card processor to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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