VeraBank N.A. Purchases 48 Shares of Visa Inc. (NYSE:V)

VeraBank N.A. raised its position in Visa Inc. (NYSE:V) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,579 shares of the credit-card processor’s stock after buying an additional 48 shares during the quarter. VeraBank N.A.’s holdings in Visa were worth $499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new stake in shares of Visa during the 3rd quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in Visa during the fourth quarter worth about $26,000. Reston Wealth Management LLC bought a new position in shares of Visa in the third quarter worth about $31,000. POM Investment Strategies LLC boosted its stake in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in shares of Visa during the 4th quarter valued at approximately $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Trading Up 0.6 %

NYSE V opened at $356.04 on Wednesday. Visa Inc. has a one year low of $252.70 and a one year high of $356.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The business has a 50 day simple moving average of $326.05 and a 200 day simple moving average of $300.04. The stock has a market capitalization of $661.45 billion, a P/E ratio of 35.89, a P/E/G ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Research analysts expect that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on V shares. Raymond James restated an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Robert W. Baird raised their price objective on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Susquehanna boosted their price objective on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Wells Fargo & Company increased their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Oppenheimer boosted their price target on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $19,830,050 in the last three months. Company insiders own 0.13% of the company’s stock.

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.