Moody National Bank Trust Division lessened its position in Visa Inc. (NYSE:V – Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,473 shares of the credit-card processor’s stock after selling 932 shares during the period. Visa makes up 1.1% of Moody National Bank Trust Division’s holdings, making the stock its 15th largest position. Moody National Bank Trust Division’s holdings in Visa were worth $10,263,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of V. Peterson Financial Group Inc. purchased a new position in shares of Visa in the third quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in Visa during the 3rd quarter valued at $31,000. Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter worth $32,000. Fairway Wealth LLC purchased a new position in shares of Visa during the second quarter valued at $39,000. Finally, West Financial Advisors LLC raised its position in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.
Visa Trading Down 0.7 %
Shares of NYSE V traded down $2.11 during mid-day trading on Monday, hitting $305.60. The company’s stock had a trading volume of 2,779,712 shares, compared to its average volume of 5,090,134. Visa Inc. has a one year low of $252.70 and a one year high of $321.61. The company’s fifty day simple moving average is $312.14 and its 200-day simple moving average is $287.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $569.29 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.
Visa Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is 24.25%.
Analyst Upgrades and Downgrades
V has been the topic of a number of research reports. BMO Capital Markets upped their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Macquarie upped their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup raised their price objective on shares of Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer boosted their target price on shares of Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley raised their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $330.85.
Get Our Latest Stock Analysis on V
Insider Transactions at Visa
In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.
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