US Bancorp DE Has $326.21 Million Holdings in Visa Inc. $V

US Bancorp DE lowered its position in Visa Inc. (NYSE:V) by 4.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 955,539 shares of the credit-card processor’s stock after selling 47,360 shares during the period. US Bancorp DE owned 0.05% of Visa worth $326,211,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of V. Insight Wealth Strategies LLC boosted its position in Visa by 1.6% during the third quarter. Insight Wealth Strategies LLC now owns 1,875 shares of the credit-card processor’s stock valued at $640,000 after acquiring an additional 29 shares during the last quarter. Old Port Advisors raised its position in shares of Visa by 0.9% in the 3rd quarter. Old Port Advisors now owns 3,423 shares of the credit-card processor’s stock worth $1,169,000 after acquiring an additional 29 shares in the last quarter. Carr Financial Group Corp lifted its stake in shares of Visa by 2.4% in the 3rd quarter. Carr Financial Group Corp now owns 1,290 shares of the credit-card processor’s stock valued at $440,000 after purchasing an additional 30 shares during the period. Define Financial LLC lifted its stake in shares of Visa by 4.0% in the 3rd quarter. Define Financial LLC now owns 779 shares of the credit-card processor’s stock valued at $266,000 after purchasing an additional 30 shares during the period. Finally, Patron Partners LLC boosted its position in shares of Visa by 0.6% during the 3rd quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor’s stock valued at $1,587,000 after purchasing an additional 30 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $411.00 target price (up from $398.00) on shares of Visa in a report on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $395.00 target price on shares of Visa in a research note on Friday, January 30th. Bank of America upgraded shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 price objective on the stock in a report on Thursday, December 11th. Macquarie Infrastructure restated an “outperform” rating and issued a $410.00 target price on shares of Visa in a research note on Friday, January 30th. Finally, Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Visa has a consensus rating of “Buy” and an average target price of $391.43.

Visa Stock Up 1.9%

V stock opened at $313.02 on Thursday. The firm has a market capitalization of $568.18 billion, a PE ratio of 29.36, a P/E/G ratio of 1.76 and a beta of 0.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. Visa Inc. has a twelve month low of $299.00 and a twelve month high of $375.51. The stock’s 50 day moving average is $334.19 and its 200-day moving average is $338.39.

Visa (NYSE:V) last announced its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating the consensus estimate of $3.14 by $0.03. The company had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.75 earnings per share. Sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 annualized dividend and a yield of 0.9%. Visa’s payout ratio is currently 25.14%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at $3,282,641.18. This represents a 52.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.