M&T Bank Corp Has $100.34 Million Position in Visa Inc. (NYSE:V)

M&T Bank Corp lowered its stake in shares of Visa Inc. (NYSE:V) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 317,486 shares of the credit-card processor’s stock after selling 2,423 shares during the period. M&T Bank Corp’s holdings in Visa were worth $100,339,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Peterson Financial Group Inc. bought a new stake in Visa in the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa in the fourth quarter valued at about $27,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the period. Finally, Modus Advisors LLC bought a new stake in Visa in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Down 0.0 %

Shares of NYSE V opened at $352.18 on Thursday. The company’s 50 day simple moving average is $335.17 and its 200 day simple moving average is $307.55. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The firm has a market capitalization of $654.27 billion, a P/E ratio of 35.50, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $194,931. This represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,505 shares of company stock worth $22,290,507. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Susquehanna upped their price objective on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. UBS Group upped their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Raymond James reaffirmed an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $353.96.

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.