Visa Inc. (NYSE:V) is Security National Bank’s 9th Largest Position

Security National Bank raised its stake in shares of Visa Inc. (NYSE:V) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,282 shares of the credit-card processor’s stock after acquiring an additional 151 shares during the period. Visa makes up 2.3% of Security National Bank’s investment portfolio, making the stock its 9th biggest holding. Security National Bank’s holdings in Visa were worth $9,967,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nadler Financial Group Inc. raised its stake in shares of Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after buying an additional 44 shares in the last quarter. Towerpoint Wealth LLC purchased a new position in shares of Visa during the 4th quarter worth approximately $216,000. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Visa during the 4th quarter worth approximately $3,427,000. Richelieu Gestion SA purchased a new position in shares of Visa during the 4th quarter worth approximately $307,000. Finally, Cooper Financial Group raised its stake in shares of Visa by 6.4% during the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after buying an additional 476 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of Visa 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 transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on 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 sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock worth $9,559,382 over the last ninety days. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on V. Piper Sandler began coverage on Visa in a report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target on the stock. Wedbush upped their price target on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Royal Bank of Canada upped their price target on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Finally, Oppenheimer increased their target price on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Visa Stock Up 0.6 %

Shares of Visa stock traded up $1.63 during trading hours on Friday, hitting $278.67. 4,515,795 shares of the company’s stock traded hands, compared to its average volume of 7,365,000. The stock has a 50 day simple moving average of $274.63 and a 200-day simple moving average of $271.70. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market cap of $509.67 billion, a PE ratio of 31.14, a PEG ratio of 1.91 and a beta of 0.97. Visa Inc. has a twelve month low of $221.37 and a twelve month high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $2.09 earnings per share. Equities research analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is currently 23.24%.

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.