Stock Yards Bank & Trust Co Stake in Visa INC (V) Decreased as Share Price Rose

September 16, 2018 - By Jason Grubb

Visa Inc. (NYSE:V) LogoInvestors sentiment increased to 1.02 in Q2 2018. Its up 0.14, from 0.88 in 2018Q1. It is positive, 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. Alecta Pensionsforsakring Omsesidigt has invested 4.18% in Visa Inc. (NYSE:V). Moody Bankshares Tru Division accumulated 0.06% or 9,240 shares. Moreover, M Secs has 0.59% invested in Visa Inc. (NYSE:V) for 16,314 shares. Jlb Associate owns 4,571 shares for 0.13% of their portfolio. Davenport Limited Liability Company reported 838,130 shares or 1.37% of all its holdings. Birinyi Associate holds 8,800 shares or 0.46% of its portfolio. Impax Asset Limited owns 11,362 shares. Moreover, Gotham Asset Management has 0.4% invested in Visa Inc. (NYSE:V). Tower Bridge Advsrs reported 0% stake. Pictet Cie (Europe) owns 76,988 shares. Moreover, Loring Wolcott & Coolidge Fiduciary Advsrs Limited Liability Partnership Ma has 1.48% invested in Visa Inc. (NYSE:V) for 644,527 shares. Delta Asset Mgmt Limited Liability Corp Tn, a Tennessee-based fund reported 3,123 shares. Waratah Cap Advsr invested in 4,310 shares or 0.06% of the stock. Madison Inv Hldg stated it has 0.97% in Visa Inc. (NYSE:V). Boston Private Wealth Limited Company has invested 1.76% in Visa Inc. (NYSE:V).

Since April 30, 2018, it had 0 buys, and 2 insider sales for $6.13 million activity. HOFFMEISTER JAMES H sold $1.08 million worth of stock 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 4.93M 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 earnings per share, up 33.33 % or $0.30 from last year’s $0.9 per share. V’s profit will be $2.67B for 30.80 P/E if the $1.20 EPS becomes a reality. After $1.20 actual earnings per share 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 Continuously Evolves” on August 28, 2018, also Fool.com with their article: “Why US Counterfeit Credit Card Fraud Is Down 75%” published on September 16, 2018, Seekingalpha.com published: “Visa Inc. (V) Management Presents at Deutsche Bank 2018 Technology Brokers Conference (Transcript)” on September 13, 2018. More interesting news about Visa Inc. (NYSE:V) were released by: Seekingalpha.com and their article: “Visa Call Options Have Fantastic Upside” published on September 04, 2018 as well as 247Wallst.com‘s news article titled: “Nike Sprints to First Place as Dow’s Top-Performing Stock” with publication date: September 15, 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 firm has “Buy” rating given on Tuesday, June 26 by Buckingham Research. The firm has “Buy” rating by Bank of America given on Tuesday, July 17. Argus Research maintained Visa Inc. (NYSE:V) on Friday, April 27 with “Buy” rating. The rating was maintained by Morgan Stanley on Thursday, April 26 with “Overweight”. The stock of Visa Inc. (NYSE:V) earned “Outperform” rating by Raymond James on Tuesday, July 24. Bank of America maintained Visa Inc. (NYSE:V) rating on Monday, August 13. Bank of America has “Buy” rating and $163 target. Robert W. Baird maintained the stock with “Outperform” rating in Friday, September 14 report. Buckingham Research maintained Visa Inc. (NYSE:V) on Thursday, April 26 with “Buy” rating. The stock of Visa Inc. (NYSE:V) earned “Outperform” rating by Wells Fargo on Thursday, July 12. Guggenheim maintained the shares of V in report on Monday, April 9 with “Buy” rating.

Visa Inc. (NYSE:V) Institutional Positions Chart

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