Sunflower Bank N.A. Buys 446 Shares of Visa Inc. (NYSE:V)

Sunflower Bank N.A. raised its stake in Visa Inc. (NYSE:V) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,002 shares of the credit-card processor’s stock after purchasing an additional 446 shares during the quarter. Sunflower Bank N.A.’s holdings in Visa were worth $1,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of V. Elevated Capital Advisors LLC increased its holdings in shares of Visa by 4.9% in the 4th quarter. Elevated Capital Advisors LLC now owns 6,844 shares of the credit-card processor’s stock worth $2,163,000 after buying an additional 320 shares during the last quarter. Eastern Bank increased its holdings in shares of Visa by 1.9% in the 4th quarter. Eastern Bank now owns 334,060 shares of the credit-card processor’s stock worth $105,576,000 after buying an additional 6,070 shares during the last quarter. Consilio Wealth Advisors LLC increased its holdings in shares of Visa by 3.7% in the 4th quarter. Consilio Wealth Advisors LLC now owns 1,690 shares of the credit-card processor’s stock worth $534,000 after buying an additional 60 shares during the last quarter. Persium Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth about $549,000. Finally, Claro Advisors LLC increased its holdings in shares of Visa by 1.7% in the 4th quarter. Claro Advisors LLC now owns 9,350 shares of the credit-card processor’s stock worth $2,955,000 after buying an additional 156 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Price Performance

Shares of V opened at $306.59 on Tuesday. The company has a 50 day moving average price of $312.44 and a 200-day moving average price of $287.32. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61. The stock has a market capitalization of $571.14 billion, a PE ratio of 31.51, a PEG ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the company earned $2.33 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. Equities analysts predict that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio is presently 24.25%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on V. Barclays boosted their target price on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Oppenheimer upped their price target on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. TD Cowen upped their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets upped their price target on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $330.85.

Visa Company 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.