As Visa INC (V) Stock Price Rose, Stock Yards Bank & Trust Co Has Decreased Stake by $3.33 Million

September 16, 2018 - By Kristin Houston

Visa Inc. (NYSE:V) LogoInvestors sentiment increased to 1.02 in Q2 2018. Its up 0.14, from 0.88 in 2018Q1. It increased, as 39 investors sold V shares while 633 reduced holdings. 124 funds opened positions while 560 raised stakes. 1.56 billion shares or 0.77% less from 1.57 billion shares in 2018Q1 were reported. Farmers Comml Bank reported 2.06% stake. Moreover, Fairview Cap Invest Mngmt Llc has 0.01% invested in Visa Inc. (NYSE:V) for 1,868 shares. Patriot Wealth Mgmt Incorporated holds 0.75% of its portfolio in Visa Inc. (NYSE:V) for 41,219 shares. Gofen & Glossberg Limited Co Il reported 0.03% in Visa Inc. (NYSE:V). 155,800 were accumulated by Schwartz Invest Counsel. Westfield Capital Mngmt Com Lp invested in 1.9% or 1.92M shares. State Farm Mutual Automobile Insur Communications invested in 32,626 shares or 0.01% of the stock. 4,423 were accumulated by Bowling Mgmt Limited Liability. Foundry Prtnrs Limited Com stated it has 7,195 shares. Deltec Asset Mngmt Limited Liability Corporation owns 120,731 shares. First Quadrant LP Ca stated it has 216,943 shares or 0.54% of all its holdings. Bnp Paribas Arbitrage stated it has 0% of its portfolio in Visa Inc. (NYSE:V). Advisor Ltd Llc holds 45,607 shares or 1.02% of its portfolio. Altfest L J & holds 5,418 shares or 0.27% of its portfolio. Geode Capital Limited Liability has invested 0.88% in Visa Inc. (NYSE:V).

Since April 30, 2018, it had 0 insider buys, and 2 sales for $6.13 million activity. On Monday, April 30 HOFFMEISTER JAMES H sold $1.08M worth of Visa Inc. (NYSE:V) or 8,423 shares.

Stock Yards Bank & Trust Co decreased its stake in Visa Inc (V) by 13.49% based on its latest 2018Q2 regulatory filing with the SEC. Stock Yards Bank & Trust Co sold 25,225 shares as the company’s stock rose 9.06% with the market. The hedge fund held 161,710 shares of the business services company at the end of 2018Q2, valued at $21.42 million, down from 186,935 at the end of the previous reported quarter. Stock Yards Bank & Trust Co who had been investing in Visa Inc for a number of months, seems to be less bullish one the $328.96 billion market cap company. The stock increased 0.14% or $0.21 during the last trading session, reaching $147.84. About 4.93 million shares traded. Visa Inc. (NYSE:V) has risen 38.00% since September 16, 2017 and is uptrending. It has outperformed by 22.38% the S&P500.

Analysts await Visa Inc. (NYSE:V) to report earnings on October, 24. They expect $1.20 EPS, up 33.33 % or $0.30 from last year’s $0.9 per share. V’s profit will be $2.67 billion for 30.80 P/E if the $1.20 EPS becomes a reality. After $1.20 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Visa Call Options Have Fantastic Upside” on September 04, 2018, also Fool.com with their article: “Why US Counterfeit Credit Card Fraud Is Down 75%” published on September 16, 2018, 247Wallst.com published: “Nike Sprints to First Place as Dow’s Top-Performing Stock” on September 15, 2018. More interesting news about Visa Inc. (NYSE:V) were released by: Seekingalpha.com and their article: “Visa Inc. (V) Deutsche Bank 2018 Technology Brokers Conference (Transcript)” published on September 13, 2018 as well as Seekingalpha.com‘s news article titled: “Visa Inc. (V) Management Presents at Deutsche Bank 2018 Technology Brokers Conference (Transcript)” with publication date: September 13, 2018.

Visa Inc. (NYSE:V) Ratings Coverage

Among 12 analysts covering Visa (NYSE:V), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Visa had 15 analyst reports since March 28, 2018 according to SRatingsIntel. The rating was maintained by Wedbush with “Buy” on Wednesday, June 6. The rating was maintained by Buckingham Research with “Buy” on Thursday, April 26. The rating was reinitiated by UBS with “Neutral” on Friday, May 18. Robert W. Baird maintained it with “Outperform” rating and $162 target in Friday, September 14 report. Buckingham Research maintained Visa Inc. (NYSE:V) on Tuesday, June 26 with “Buy” rating. KeyBanc Capital Markets maintained the shares of V in report on Thursday, July 26 with “Overweight” rating. The firm has “Overweight” rating by Morgan Stanley given on Thursday, April 26. Morgan Stanley maintained it with “Overweight” rating and $165 target in Thursday, July 19 report. The stock has “Buy” rating by Bank of America on Tuesday, July 17. The rating was maintained by Bank of America with “Buy” on Monday, August 13.

Visa Inc. (NYSE:V) Institutional Positions Chart

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