First National Bank of Hutchinson Raises Stock Position in Visa Inc. (NYSE:V)

First National Bank of Hutchinson raised its stake in shares of Visa Inc. (NYSE:V) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,026 shares of the credit-card processor’s stock after buying an additional 121 shares during the period. Visa comprises approximately 0.8% of First National Bank of Hutchinson’s holdings, making the stock its 28th largest position. First National Bank of Hutchinson’s holdings in Visa were worth $1,272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of V. Swedbank AB grew its position in shares of Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after acquiring an additional 199,440 shares during the period. Howard Capital Management Group LLC grew its holdings in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. increased its position in Visa by 7.7% in the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after buying an additional 411,210 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of Visa by 2.3% in the third quarter. Avior Wealth Management LLC now owns 15,734 shares of the credit-card processor’s stock worth $4,326,000 after buying an additional 349 shares during the period. Finally, Thompson Davis & CO. Inc. lifted its position in shares of Visa by 8.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,178 shares of the credit-card processor’s stock valued at $324,000 after buying an additional 90 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

V stock opened at $339.92 on Thursday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The firm has a market cap of $631.50 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.33 and a beta of 0.95. The business’s fifty day simple moving average is $339.38 and its two-hundred day simple moving average is $312.21. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted 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 net margin of 54.27% and a return on equity of 54.79%. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,855 shares of company stock worth $35,165,827. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on V. Morgan Stanley raised their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group lifted their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company increased their price target on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Susquehanna boosted their price objective on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research report on Friday, February 21st. Finally, Raymond James reiterated an “outperform” rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Six 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 MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target 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.