Kesler Norman & Wride LLC Has $4.46 Million Stock Holdings in Visa Inc. (NYSE:V)

Kesler Norman & Wride LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,099 shares of the credit-card processor’s stock after acquiring an additional 1,431 shares during the period. Kesler Norman & Wride LLC’s holdings in Visa were worth $4,456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. RFG Bristol Wealth Advisors LLC acquired a new stake in Visa in the 4th quarter valued at $3,560,000. Meeder Advisory Services Inc. boosted its stake in shares of Visa by 6.3% in the 4th quarter. Meeder Advisory Services Inc. now owns 28,799 shares of the credit-card processor’s stock valued at $9,102,000 after purchasing an additional 1,712 shares in the last quarter. Potomac Fund Management Inc. ADV bought a new stake in shares of Visa in the 4th quarter worth about $328,000. Alliance Wealth Management Group acquired a new stake in shares of Visa during the 4th quarter worth about $210,000. Finally, OV Management LLC lifted its holdings in Visa by 6.9% during the 4th quarter. OV Management LLC now owns 15,261 shares of the credit-card processor’s stock valued at $4,823,000 after purchasing an additional 986 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 1.0 %

Shares of NYSE:V opened at $346.80 on Wednesday. The company has a 50 day moving average price of $344.68 and a two-hundred day moving average price of $316.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $644.28 billion, a PE ratio of 34.96, a PEG ratio of 2.33 and a beta of 0.95. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54.

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

Visa Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. This represents a 59.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

V has been the subject of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Visa in a report on Thursday, February 13th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Friday, March 28th. Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $355.84.

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.