Ames National Corp Purchases 75 Shares of Visa Inc. (NYSE:V)

Ames National Corp raised its position in shares of Visa Inc. (NYSE:V) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,074 shares of the credit-card processor’s stock after acquiring an additional 75 shares during the quarter. Ames National Corp’s holdings in Visa were worth $727,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of V. von Borstel & Associates Inc. purchased a new stake in Visa in the 1st quarter valued at about $27,000. Sellwood Investment Partners LLC purchased a new stake in Visa in the 4th quarter valued at about $41,000. Measured Risk Portfolios Inc. purchased a new stake in Visa in the 4th quarter valued at about $47,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the 1st quarter valued at about $54,000. Finally, Global X Japan Co. Ltd. purchased a new stake in Visa in the 1st quarter valued at about $56,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.3%

Shares of Visa stock opened at $352.04 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50-day simple moving average of $356.82 and a two-hundred day simple moving average of $344.02. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The stock has a market capitalization of $649.56 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 2.37 and a beta of 0.92.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the previous year, the company earned $2.51 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s dividend payout ratio is currently 23.72%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,108 shares of company stock valued at $36,771,200. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on V shares. Piper Sandler raised their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price target for the company. Barclays reissued an “overweight” rating on shares of Visa in a report on Friday, June 13th. Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. Finally, Jefferies Financial Group raised their price objective on shares of Visa from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $375.52.

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.