CoreFirst Bank & Trust Makes New $654,000 Investment in Visa Inc. (NYSE:V)

CoreFirst Bank & Trust acquired a new stake in shares of Visa Inc. (NYSE:V) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,070 shares of the credit-card processor’s stock, valued at approximately $654,000.

Several other institutional investors have also modified their holdings of V. Decker Retirement Planning Inc. purchased a new stake in Visa in the 4th quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter worth approximately $27,000. POM Investment Strategies LLC lifted its stake in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Modus Advisors LLC purchased a new position in Visa during the 4th quarter valued at $32,000. Finally, Compass Planning Associates Inc bought a new position in Visa in the 4th quarter valued at $32,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is owned by company insiders.

Visa Trading Up 2.5 %

NYSE V opened at $343.96 on Tuesday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a fifty day simple moving average of $341.23 and a two-hundred day simple moving average of $313.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $639.00 billion, a P/E ratio of 34.67, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio is currently 23.79%.

Analyst Ratings Changes

V has been the subject of several research analyst reports. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Morgan Stanley boosted 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. The Goldman Sachs Group raised their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $353.96.

About Visa

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.