Visa Inc. (NYSE:V) Stock Holdings Cut by Moody National Bank Trust Division

Moody National Bank Trust Division lessened its position in Visa Inc. (NYSE:VFree 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 (NYSE:VGet Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the firm earned $2.33 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

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

(Free Report)

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.

See Also

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

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