Emprise Bank Sells 265 Shares of Visa Inc. (NYSE:V)

Emprise Bank trimmed its stake in shares of Visa Inc. (NYSE:V) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,388 shares of the credit-card processor’s stock after selling 265 shares during the quarter. Visa makes up 1.0% of Emprise Bank’s investment portfolio, making the stock its 23rd largest position. Emprise Bank’s holdings in Visa were worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Compton Wealth Advisory Group LLC grew its position in shares of Visa by 0.5% in the 4th quarter. Compton Wealth Advisory Group LLC now owns 11,605 shares of the credit-card processor’s stock worth $3,668,000 after buying an additional 57 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of Visa by 14.8% in the 4th quarter. Capital Investment Advisors LLC now owns 44,024 shares of the credit-card processor’s stock worth $13,913,000 after buying an additional 5,659 shares during the last quarter. Trust Co. of Toledo NA OH grew its position in shares of Visa by 3.4% in the 4th quarter. Trust Co. of Toledo NA OH now owns 16,959 shares of the credit-card processor’s stock worth $5,360,000 after buying an additional 550 shares during the last quarter. Fiduciary Alliance LLC grew its position in shares of Visa by 180.7% in the 4th quarter. Fiduciary Alliance LLC now owns 12,863 shares of the credit-card processor’s stock worth $4,065,000 after buying an additional 8,281 shares during the last quarter. Finally, Winthrop Advisory Group LLC lifted its stake in shares of Visa by 6.2% in the 4th quarter. Winthrop Advisory Group LLC now owns 9,710 shares of the credit-card processor’s stock valued at $3,069,000 after purchasing an additional 563 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets raised their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Susquehanna lifted their price objective on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. TD Cowen lifted their price objective on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $330.85.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Stock Performance

V traded down $3.12 during midday trading on Monday, reaching $304.59. The company had a trading volume of 1,848,901 shares, compared to its average volume of 4,952,060. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average of $312.14 and a two-hundred day moving average of $287.04. The company has a market cap of $567.41 billion, a P/E ratio of 31.30, a P/E/G ratio of 2.11 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61.

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

Visa Increases Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

About Visa

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.