Visa Inc. (NYSE:V) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its stake in Visa Inc. (NYSE:V) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,859 shares of the credit-card processor’s stock after selling 2,930 shares during the quarter. Visa comprises about 1.0% of OLD National Bancorp IN’s portfolio, making the stock its 17th biggest holding. OLD National Bancorp IN’s holdings in Visa were worth $36,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Visa in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the 4th quarter valued at about $32,000. Nalls Sherbakoff Group LLC raised its holdings in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the period. Valued Wealth Advisors LLC acquired a new stake in Visa during the 4th quarter worth about $37,000. Finally, Life Planning Partners Inc acquired a new stake in Visa during the 4th quarter worth about $71,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on V. Mizuho restated a “neutral” rating and set a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. KeyCorp boosted their price objective on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Robert W. Baird boosted their price objective on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Keefe, Bruyette & Woods upped their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s 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 completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of NYSE V opened at $272.31 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $279.52 and a 200 day simple moving average of $263.62. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The firm has a market capitalization of $500.10 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 1.86 and a beta of 0.96.

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

Visa Dividend Announcement

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

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.