Baker Boyer National Bank Cuts Stake in Visa Inc. (NYSE:V)

Baker Boyer National Bank lessened its holdings in shares of Visa Inc. (NYSE:V) by 6.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,250 shares of the credit-card processor’s stock after selling 88 shares during the quarter. Baker Boyer National Bank’s holdings in Visa were worth $395,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Peterson Financial Group Inc. purchased a new position in shares of Visa in the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter valued at $26,000. Reston Wealth Management LLC acquired a new stake in Visa during the 3rd quarter worth about $31,000. Modus Advisors LLC purchased a new stake in Visa during the 4th quarter valued at about $32,000. Finally, West Financial Advisors LLC increased its holdings in shares of Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their target price on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday. Robert W. Baird lifted their price objective on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday. Barclays raised 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. Finally, UBS Group increased their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $352.27.

Visa Price Performance

NYSE:V opened at $342.05 on Friday. The firm has a market cap of $637.19 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The stock has a 50 day moving average of $317.09 and a two-hundred day moving average of $292.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.25. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. On average, analysts expect that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is currently 24.25%.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents 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 company insiders.

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.