Oakworth Capital Inc. Grows Position in Visa Inc. (NYSE:V)

Oakworth Capital Inc. boosted its stake in Visa Inc. (NYSE:V) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,868 shares of the credit-card processor’s stock after purchasing an additional 341 shares during the quarter. Oakworth Capital Inc.’s holdings in Visa were worth $2,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of V. Moneta Group Investment Advisors LLC lifted its position in Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after purchasing an additional 24,483,134 shares during the last quarter. Norges Bank bought a new stake in shares of Visa during the 4th quarter worth $3,067,232,000. Morgan Stanley grew its position in Visa by 13.0% in the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after acquiring an additional 5,864,340 shares in the last quarter. International Assets Investment Management LLC raised its position in Visa by 17,418.7% during the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after purchasing an additional 4,710,188 shares in the last quarter. Finally, State Street Corp lifted its stake in Visa by 3.7% during the first quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after purchasing an additional 2,572,159 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on V shares. Barclays upped their target price on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Redburn Atlantic restated a “neutral” rating and set a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Royal Bank of Canada boosted their price objective on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. KeyCorp lifted their target price on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Finally, UBS Group raised their price target on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $298.43.

Visa Price Performance

Shares of V opened at $271.37 on Friday. The firm’s 50-day simple moving average is $279.71 and its two-hundred day simple moving average is $262.62. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock has a market cap of $498.37 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter last year, the company earned $2.18 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts anticipate that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,965 shares of company stock valued at $5,256,352. Insiders own 0.19% of the company’s stock.

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.