Country Club Bank GFN Increases Stock Holdings in Visa Inc. (NYSE:V)

Country Club Bank GFN lifted its stake in Visa Inc. (NYSE:VFree Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,875 shares of the credit-card processor’s stock after purchasing an additional 159 shares during the quarter. Country Club Bank GFN’s holdings in Visa were worth $3,873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Advisory Services Inc. TX ADV boosted its holdings in Visa by 2.0% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after acquiring an additional 78 shares during the period. Camarda Financial Advisors LLC raised its position in Visa by 3.0% during the 2nd quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock valued at $1,484,000 after purchasing an additional 182 shares in the last quarter. Wayfinding Financial LLC raised its position in Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 161 shares in the last quarter. Richelieu Gestion SA bought a new stake in Visa during the 4th quarter valued at $307,000. Finally, Orion Portfolio Solutions LLC raised its position in Visa by 5,907.4% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 221,012 shares of the credit-card processor’s stock valued at $52,486,000 after purchasing an additional 217,333 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. BMO Capital Markets assumed coverage on Visa in a research report on Tuesday, December 5th. They set an “outperform” rating and a $280.00 target price for the company. KeyCorp lifted their target price on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Royal Bank of Canada lifted their target price on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Susquehanna boosted their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Finally, Mizuho reissued a “neutral” rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.82.

Read Our Latest Stock Analysis on V

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by insiders.

Visa Stock Up 0.1 %

Shares of V opened at $278.55 on Wednesday. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $511.56 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 1.92 and a beta of 0.96. The stock’s 50-day moving average price is $279.62 and its 200-day moving average price is $259.44.

Visa (NYSE:VGet Free Report) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the prior year, the firm earned $2.18 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is presently 23.94%.

Visa Profile

(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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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