First Interstate Bank Acquires 148 Shares of Visa Inc. (NYSE:V)

First Interstate Bank grew its holdings in Visa Inc. (NYSE:V) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,302 shares of the credit-card processor’s stock after acquiring an additional 148 shares during the quarter. First Interstate Bank’s holdings in Visa were worth $1,120,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of V. GoalVest Advisory LLC lifted its position in shares of Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after acquiring an additional 40 shares in the last quarter. Destiny Wealth Partners LLC lifted its position in shares of Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after acquiring an additional 40 shares in the last quarter. Sunflower Bank N.A. lifted its position in shares of Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after acquiring an additional 41 shares in the last quarter. HWG Holdings LP increased its holdings in shares of Visa by 18.4% in the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock worth $64,000 after purchasing an additional 42 shares during the period. Finally, Parker Financial LLC increased its holdings in shares of Visa by 4.8% in the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after purchasing an additional 42 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Down 0.5 %

Shares of NYSE:V opened at $271.37 on Friday. The stock’s 50-day moving average price is $279.71 and its 200-day moving average price is $262.62. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The stock has a market capitalization of $498.37 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $2.18 earnings per share. On average, equities analysts anticipate that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s dividend payout ratio is currently 23.94%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’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 sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,965 shares of company stock worth $5,256,352. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on V. Barclays upped their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Citigroup upped their price target on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Robert W. Baird upped their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday. Mizuho reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Visa in a report on Wednesday, March 27th. Finally, Royal Bank of Canada upped their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and an average price target of $298.43.

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.