Hanson & Doremus Investment Management Has $4.90 Million Stock Position in Visa Inc. (NYSE:V)

Hanson & Doremus Investment Management lifted its stake in shares of Visa Inc. (NYSE:V) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,829 shares of the credit-card processor’s stock after purchasing an additional 1,177 shares during the quarter. Visa accounts for 0.9% of Hanson & Doremus Investment Management’s holdings, making the stock its 16th biggest holding. Hanson & Doremus Investment Management’s holdings in Visa were worth $4,902,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BCK Partners Inc. acquired a new stake in Visa in the first quarter valued at about $2,717,000. Markel Corp boosted its stake in Visa by 0.3% in the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after buying an additional 3,065 shares in the last quarter. AMI Investment Management Inc. acquired a new stake in Visa in the first quarter valued at about $2,323,000. Ergoteles LLC acquired a new stake in Visa in the first quarter valued at about $538,000. Finally, XTX Topco Ltd acquired a new stake in Visa in the first quarter valued at about $1,496,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of V opened at $274.40 on Thursday. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $503.94 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. The business has a 50-day moving average of $280.18 and a 200-day moving average of $261.07.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same period last year, the company earned $2.18 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wedbush raised their price objective on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Susquehanna raised their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Royal Bank of Canada raised their price objective on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Evercore ISI increased their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.82.

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.