Citizens Financial Group Inc. RI Acquires 422 Shares of Visa Inc. (NYSE:V)

Citizens Financial Group Inc. RI boosted its holdings in Visa Inc. (NYSE:V) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,990 shares of the credit-card processor’s stock after acquiring an additional 422 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Visa were worth $18,222,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in V. Altshuler Shaham Ltd bought a new position in Visa in the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC bought a new position in Visa in the 4th quarter worth about $32,000. Valued Wealth Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at about $37,000. Macroview Investment Management LLC increased its position in shares of Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Visa during the 4th quarter valued at about $71,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,874 shares of company stock valued at $5,506,827. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Mizuho reiterated a “neutral” rating and set a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Evercore ISI increased their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Robert W. Baird increased their target price on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Finally, Royal Bank of Canada increased their target price on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Visa Stock Performance

Shares of V stock traded down $0.64 on Friday, reaching $274.52. The stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The stock has a market cap of $504.16 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. The company has a 50 day simple moving average of $279.24 and a 200 day simple moving average of $264.33.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS. Equities research analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

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.