Thomasville National Bank Has $30.20 Million Position in Visa Inc. (NYSE:V)

Thomasville National Bank increased its holdings in shares of Visa Inc. (NYSE:V) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,206 shares of the credit-card processor’s stock after buying an additional 2,549 shares during the period. Visa comprises approximately 2.5% of Thomasville National Bank’s portfolio, making the stock its 11th largest position. Thomasville National Bank’s holdings in Visa were worth $30,198,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Alaethes Wealth LLC grew its position in shares of Visa by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock valued at $2,302,000 after purchasing an additional 37 shares in the last quarter. Garden State Investment Advisory Services LLC increased its stake in Visa by 1.8% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock worth $571,000 after acquiring an additional 38 shares during the last quarter. Holistic Financial Partners raised its holdings in shares of Visa by 2.0% during the 4th quarter. Holistic Financial Partners now owns 1,975 shares of the credit-card processor’s stock worth $514,000 after acquiring an additional 39 shares in the last quarter. GoalVest Advisory LLC boosted its position in shares of Visa by 3.4% during the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after acquiring an additional 40 shares during the last quarter. Finally, Destiny Wealth Partners LLC increased its position in Visa by 2.5% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after purchasing an additional 40 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler started coverage on shares of Visa in a research report on Monday, May 13th. They set an “overweight” rating and a $322.00 price objective for the company. UBS Group increased their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Evercore ISI upped their price objective on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company upped their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,402 shares of company stock worth $9,559,382. Company insiders own 0.19% of the company’s stock.

Visa Trading Up 1.2 %

Shares of NYSE:V opened at $276.85 on Friday. The business’s 50-day moving average is $273.99 and its 200 day moving average is $272.74. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. Visa Inc. has a 1 year low of $224.98 and a 1 year high of $290.96. The firm has a market capitalization of $506.34 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.87 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 earnings per share. On average, research analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 23.24%.

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.