Visa Inc. (NYSE:V) Shares Sold by Iowa State Bank

by · The Markets Daily

Iowa State Bank lessened its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,635 shares of the credit-card processor’s stock after selling 463 shares during the period. Iowa State Bank’s holdings in Visa were worth $5,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hilltop National Bank purchased a new position in shares of Visa in the 1st quarter valued at approximately $1,212,000. Absolute Capital Management LLC purchased a new stake in shares of Visa in the first quarter valued at approximately $404,000. Davidson Capital Management Inc. raised its holdings in Visa by 0.5% during the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock worth $2,588,000 after purchasing an additional 44 shares during the last quarter. Empirical Finance LLC raised its holdings in Visa by 4.4% during the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock worth $12,761,000 after purchasing an additional 1,914 shares during the last quarter. Finally, Arjuna Capital raised its holdings in Visa by 0.8% during the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock worth $3,111,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

Visa Price Performance

NYSE V opened at $277.79 on Friday. Visa Inc. has a fifty-two week low of $228.03 and a fifty-two week high of $293.07. The stock’s 50-day moving average is $274.16 and its two-hundred day moving average is $272.72. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $506.22 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96.

Visa (NYSE:V – Get Free Report) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same period last year, the business earned $2.16 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts anticipate that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio is 22.25%.

Analysts Set New Price Targets

Several equities analysts recently commented on V shares. Macquarie reiterated an “outperform” rating and issued a $300.00 target price on shares of Visa in a research note on Friday, September 27th. BNP Paribas raised Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a report on Tuesday, September 3rd. Morgan Stanley reissued an “overweight” rating and issued a $322.00 price target on shares of Visa in a report on Wednesday, September 25th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, BMO Capital Markets upped their price objective on Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $312.04.

Check Out Our Latest Stock Report on Visa

About Visa

(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.

See Also

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