Intrust Bank NA Increases Stake in Visa Inc. (NYSE:V)

Intrust Bank NA increased its holdings in Visa Inc. (NYSE:V) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 25,311 shares of the credit-card processor’s stock after acquiring an additional 268 shares during the quarter. Visa makes up 0.8% of Intrust Bank NA’s portfolio, making the stock its 25th biggest holding. Intrust Bank NA’s holdings in Visa were worth $7,999,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in V. Riverstone Advisors LLC bought a new position in Visa during the fourth quarter valued at $217,000. Journey Strategic Wealth LLC raised its position in shares of Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after buying an additional 1,361 shares in the last quarter. King Wealth Management Group lifted its holdings in shares of Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock valued at $23,663,000 after acquiring an additional 6,172 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Visa in the fourth quarter worth about $10,163,000. Finally, Copley Financial Group Inc. bought a new stake in Visa during the third quarter worth approximately $616,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup reiterated a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Morgan Stanley increased their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Barclays lifted their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Five 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. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $355.84.

Visa Stock Performance

Shares of NYSE:V opened at $342.62 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $636.51 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The firm has a 50 day moving average of $343.60 and a 200 day moving average of $315.06. 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 earnings per share 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, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Insider Transactions at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,560,961 in the last 90 days. Insiders own 0.13% of the company’s stock.

Visa Company 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.