Bokf Na Sells 500 Shares of Visa Inc. (NYSE:V)

Bokf Na lessened its stake in Visa Inc. (NYSE:V) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,814 shares of the credit-card processor’s stock after selling 500 shares during the period. Bokf Na’s holdings in Visa were worth $25,987,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Altshuler Shaham Ltd purchased a new stake in Visa in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa in the 4th quarter valued at approximately $32,000. Frank Rimerman Advisors LLC purchased a new position in shares of Visa in the 4th quarter valued at approximately $33,000. Valued Wealth Advisors LLC purchased a new position in shares of Visa in the 4th quarter valued at approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Visa in the 4th quarter valued at approximately $40,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

V stock traded down $1.95 during trading on Tuesday, hitting $273.09. The stock had a trading volume of 1,722,371 shares, compared to its average volume of 6,203,496. The company’s 50 day moving average price is $274.56 and its two-hundred day moving average price is $271.98. Visa Inc. has a 1-year low of $221.37 and a 1-year high of $290.96. The stock has a market cap of $499.47 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock worth $9,559,382 in the last three months. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup raised their price objective on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Piper Sandler assumed coverage on Visa in a research report on Monday, May 13th. They set an “overweight” rating and a $322.00 price objective for the company. Evercore ISI lifted their target price on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Macquarie lifted their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada lifted their target price on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $303.76.

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.