Baker Boyer National Bank Reduces Stock Holdings in Visa Inc. (NYSE:V)

Baker Boyer National Bank lessened its holdings in Visa Inc. (NYSE:V) by 6.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,250 shares of the credit-card processor’s stock after selling 88 shares during the period. Baker Boyer National Bank’s holdings in Visa were worth $395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in Visa in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the fourth quarter worth $26,000. Reston Wealth Management LLC bought a new stake in shares of Visa during the 3rd quarter valued at $31,000. Modus Advisors LLC bought a new position in Visa in the 4th quarter worth $32,000. Finally, West Financial Advisors LLC increased its stake in Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on V. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Raymond James restated an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday. Morgan Stanley lifted their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Citigroup upped their target price on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday. Finally, TD Cowen lifted their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $352.27.

Visa Trading Down 0.3 %

Shares of NYSE V opened at $342.05 on Friday. The business’s 50 day moving average price is $317.09 and its 200-day moving average price is $292.45. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $637.19 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.27 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. On average, sell-side analysts expect that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.