American National Bank increased its stake in shares of Visa Inc. (NYSE:V – Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,531 shares of the credit-card processor’s stock after acquiring an additional 1,993 shares during the period. Visa comprises 1.6% of American National Bank’s holdings, making the stock its 15th largest position. American National Bank’s holdings in Visa were worth $11,870,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Livelsberger Financial Advisory acquired a new stake in Visa during the fourth quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the fourth quarter valued at approximately $32,000. Frank Rimerman Advisors LLC acquired a new stake in Visa in the fourth quarter valued at approximately $33,000. Valued Wealth Advisors LLC acquired a new stake in Visa in the fourth quarter valued at approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Visa in the fourth quarter valued at approximately $40,000. 82.15% of the stock is owned by institutional investors and hedge funds.
Visa Trading Down 0.6 %
Shares of NYSE V opened at $275.20 on Friday. Visa Inc. has a twelve month low of $225.50 and a twelve month high of $290.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $273.97 and a 200-day simple moving average of $272.88. The stock has a market capitalization of $503.32 billion, a PE ratio of 30.75, a PEG ratio of 1.89 and a beta of 0.97.
Visa Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s payout ratio is 23.24%.
Wall Street Analyst Weigh In
Several analysts have commented on V shares. Citigroup raised their price objective on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Macquarie raised their price objective on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. William Blair reissued an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Oppenheimer lifted their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Evercore ISI lifted their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $303.76.
View Our Latest Stock Report on V
Insider Buying and Selling
In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated 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 directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock valued at $9,559,382 in the last three months. 0.19% of the stock is owned by corporate insiders.
Visa 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.
See Also
- Five stocks we like better than Visa
- The 3 Best Fintech Stocks to Buy Now
- MarketBeat Week in Review – 6/17 – 6/21
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Sarepta Therapeutics Stock Soars on FDA Approval
- What is a Secondary Public Offering? What Investors Need to Know
- CarMax: A Market Melt-Up Waiting to Happen for this Stock
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:V – Free Report).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.