Duncker Streett & Co. Inc. Acquires 245 Shares of Visa Inc. (NYSE:V)

Duncker Streett & Co. Inc. increased its holdings in shares of Visa Inc. (NYSE:V) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,435 shares of the credit-card processor’s stock after acquiring an additional 245 shares during the period. Duncker Streett & Co. Inc.’s holdings in Visa were worth $3,237,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BCK Partners Inc. bought a new position in Visa in the 1st quarter valued at $2,717,000. Markel Corp boosted its position in Visa by 0.3% in the 1st 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 during the last quarter. AMI Investment Management Inc. bought a new position in Visa in the 1st quarter valued at $2,323,000. Ergoteles LLC bought a new position in Visa in the 1st quarter valued at $538,000. Finally, XTX Topco Ltd bought a new position in Visa in the 1st quarter valued at $1,496,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on V shares. Mizuho reiterated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. KeyCorp raised their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Citigroup raised their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Susquehanna raised their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Finally, Raymond James raised their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Visa Stock Performance

Shares of Visa stock opened at $271.37 on Friday. The firm has a market cap of $498.37 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The stock’s 50-day moving average is $279.71 and its 200-day moving average is $262.62. Visa Inc. has a one year low of $216.14 and a one 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.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $2.18 earnings per share. Equities analysts predict that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, 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. Over the last quarter, insiders have sold 18,965 shares of company stock worth $5,256,352. Corporate insiders own 0.19% of the company’s stock.

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.