Field & Main Bank Buys 200 Shares of Visa Inc. (NYSE:V)

Field & Main Bank boosted its stake in Visa Inc. (NYSE:V) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,189 shares of the credit-card processor’s stock after purchasing an additional 200 shares during the period. Visa comprises 1.9% of Field & Main Bank’s investment portfolio, making the stock its 12th largest position. Field & Main Bank’s holdings in Visa were worth $4,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Kestra Private Wealth Services LLC grew its stake in shares of Visa by 12.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 136,285 shares of the credit-card processor’s stock worth $35,482,000 after purchasing an additional 14,787 shares during the last quarter. Ledyard National Bank lifted its holdings in Visa by 0.5% in the 4th quarter. Ledyard National Bank now owns 47,420 shares of the credit-card processor’s stock worth $12,346,000 after buying an additional 242 shares during the period. Van ECK Associates Corp grew its position in shares of Visa by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 316,758 shares of the credit-card processor’s stock worth $82,468,000 after buying an additional 9,618 shares during the last quarter. LWM Advisory Services LLC raised its holdings in shares of Visa by 2.4% during the fourth quarter. LWM Advisory Services LLC now owns 2,980 shares of the credit-card processor’s stock valued at $776,000 after acquiring an additional 70 shares in the last quarter. Finally, Steele Capital Management Inc. purchased a new stake in Visa in the fourth quarter worth $640,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V traded down $2.71 during mid-day trading on Monday, reaching $271.81. 4,191,968 shares of the company traded hands, compared to its average volume of 5,930,494. The company’s 50 day moving average price is $279.11 and its 200-day moving average price is $264.97. The firm has a market cap of $499.18 billion, a PE ratio of 30.37, a PEG ratio of 1.89 and a beta of 0.96. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

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

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s dividend payout ratio is 23.24%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,874 shares of company stock valued at $5,506,827. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on V. TD Cowen initiated coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Susquehanna lifted their price target on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Citigroup upped their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Finally, Barclays boosted their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $302.58.

Visa 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.