Commerce Bank Raises Holdings in Visa Inc. (NYSE:V)

Commerce Bank increased its position in shares of Visa Inc. (NYSE:V) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 690,643 shares of the credit-card processor’s stock after buying an additional 2,553 shares during the period. Visa comprises about 1.3% of Commerce Bank’s portfolio, making the stock its 11th biggest position. Commerce Bank’s holdings in Visa were worth $179,809,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa in the 4th quarter worth about $32,000. Valued Wealth Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth about $37,000. Delos Wealth Advisors LLC grew its stake in Visa by 2,500.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock worth $41,000 after buying an additional 150 shares during the period. Finally, Tidemark LLC purchased a new position in shares of Visa in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Down 0.4 %

Shares of V stock traded down $1.20 during trading hours on Thursday, reaching $274.38. 3,827,131 shares of the stock traded hands, compared to its average volume of 6,316,894. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The business has a fifty day moving average price of $277.12 and a 200 day moving average price of $269.46. The firm has a market capitalization of $501.82 billion, a PE ratio of 30.57, a PEG ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 EPS. On average, equities research analysts forecast that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is presently 23.24%.

Insider Buying and Selling

In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,402 shares of company stock worth $9,559,382. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Evercore ISI raised 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. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Piper Sandler assumed coverage on shares of Visa in a research note on Monday, May 13th. They issued an “overweight” rating and a $322.00 target price for the company. Oppenheimer boosted their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Citigroup raised their target price on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

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.