Vantage Investment Partners LLC Acquires 9,366 Shares of Visa Inc. (NYSE:V)

Vantage Investment Partners LLC grew its holdings in Visa Inc. (NYSE:V) by 45.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,044 shares of the credit-card processor’s stock after acquiring an additional 9,366 shares during the quarter. Vantage Investment Partners LLC’s holdings in Visa were worth $7,822,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. GoalVest Advisory LLC increased its stake in shares of Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after buying an additional 40 shares during the period. Destiny Wealth Partners LLC increased its stake in shares of Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after buying an additional 40 shares during the period. Sunflower Bank N.A. increased its stake in shares of Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after buying an additional 41 shares during the period. HWG Holdings LP increased its stake in shares of Visa by 18.4% during the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock valued at $64,000 after buying an additional 42 shares during the period. Finally, Parker Financial LLC increased its stake in shares of Visa by 4.8% during the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock valued at $241,000 after buying an additional 42 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.6 %

Shares of NYSE:V opened at $269.78 on Monday. The company has a market cap of $495.45 billion, a P/E ratio of 31.04, a PEG ratio of 1.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The stock’s fifty day moving average price is $279.58 and its 200-day moving average price is $263.35.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.18 earnings per share. Sell-side analysts expect that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 18,965 shares of company stock valued at $5,256,352 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

V has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. UBS Group lifted their price target on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Mizuho restated a “neutral” rating and set a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Barclays lifted their price target on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Finally, Robert W. Baird lifted their price target on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $298.43.

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.