First PREMIER Bank Boosts Stock Position in Visa Inc. (NYSE:V)


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First PREMIER Bank raised its position in Visa Inc. (NYSE:V) by 24.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,303 shares of the credit-card processor’s stock after acquiring an additional 458 shares during the quarter. First PREMIER Bank’s holdings in Visa were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kinloch Capital LLC purchased a new position in Visa in the fourth quarter valued at $27,000. FNY Investment Advisers LLC boosted its stake in shares of Visa by 129.1% in the 4th quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock valued at $27,000 after buying an additional 71 shares during the period. Horan Securities Inc. grew its position in shares of Visa by 432.0% during the fourth quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock worth $29,000 after buying an additional 108 shares in the last quarter. Cowa LLC purchased a new stake in shares of Visa during the fourth quarter worth approximately $29,000. Finally, New Capital Management LP purchased a new position in Visa in the fourth quarter worth approximately $35,000. 80.50% of the stock is owned by institutional investors.

Shares of NYSE:V traded down $2.69 during trading on Monday, reaching $219.83. The company had a trading volume of 36,517 shares, compared to its average volume of 9,869,519. Visa Inc. has a fifty-two week low of $159.15 and a fifty-two week high of $228.23. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.91 and a quick ratio of 1.91. The stock’s fifty day moving average price is $215.01 and its 200 day moving average price is $207.42. The firm has a market capitalization of $429.18 billion, a price-to-earnings ratio of 45.60, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.14. The firm had revenue of $5.69 billion for the quarter, compared to analyst estimates of $5.52 billion. Visa had a net margin of 49.74% and a return on equity of 37.22%. Visa’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.46 EPS. On average, equities analysts anticipate that Visa Inc. will post 5.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 1st. Stockholders of record on Friday, February 12th were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, February 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.58%. Visa’s dividend payout ratio (DPR) is 25.40%.

In other Visa news, President Ryan Mcinerney sold 11,194 shares of the stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $213.87, for a total value of $2,394,060.78. Following the completion of the transaction, the president now owns 11,194 shares in the company, valued at $2,394,060.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rajat Taneja sold 31,750 shares of the business’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $223.00, for a total transaction of $7,080,250.00. Following the sale, the insider now owns 282,606 shares in the company, valued at $63,021,138. The disclosure for this sale can be found here. Insiders have sold 93,093 shares of company stock valued at $20,418,578 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

A number of brokerages have recently weighed in on V. KeyCorp raised their price objective on shares of Visa from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, January 13th. Morgan Stanley upped their price objective on Visa from $233.00 to $253.00 and gave the stock an “overweight” rating in a research report on Monday, March 22nd. Robert W. Baird restated a “buy” rating and set a $256.00 target price on shares of Visa in a research note on Sunday. Credit Suisse Group raised their price objective on shares of Visa from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, January 29th. Finally, Jefferies Financial Group upgraded shares of Visa from a “hold” rating to a “buy” rating and upped their target price for the company from $195.00 to $250.00 in a report on Wednesday, January 13th. Five investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Visa currently has a consensus rating of “Buy” and an average target price of $228.04.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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