Visa Inc. (NYSE:V) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust lessened its holdings in Visa Inc. (NYSE:V) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,551 shares of the credit-card processor’s stock after selling 408 shares during the quarter. FineMark National Bank & Trust’s holdings in Visa were worth $16,924,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the 4th quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa during the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC boosted its position in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the period. Modus Advisors LLC bought a new position in Visa in the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa in the 4th quarter valued at approximately $32,000. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,560,961 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

NYSE V opened at $343.96 on Tuesday. The company has a 50 day simple moving average of $341.23 and a 200-day simple moving average of $313.75. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The firm has a market capitalization of $639.00 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Analysts Set New Price Targets

Several research firms have recently issued reports on V. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Susquehanna reissued a “positive” rating on shares of Visa in a research note on Friday. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, Barclays boosted their target price on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Six equities research 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’s stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

About Visa

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.