Visa Inc. (NYSE:V) Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lifted its holdings in Visa Inc. (NYSE:V) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,990 shares of the credit-card processor’s stock after purchasing an additional 422 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Visa were worth $18,222,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Trifecta Capital Advisors LLC raised its stake in Visa by 2.7% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after acquiring an additional 536 shares during the last quarter. New Hampshire Trust raised its stake in Visa by 1.9% in the 3rd quarter. New Hampshire Trust now owns 13,944 shares of the credit-card processor’s stock worth $3,207,000 after acquiring an additional 266 shares during the last quarter. CreativeOne Wealth LLC raised its stake in Visa by 2.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 20,518 shares of the credit-card processor’s stock worth $4,720,000 after acquiring an additional 542 shares during the last quarter. B.O.S.S. Retirement Advisors LLC raised its stake in Visa by 10.8% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 11,960 shares of the credit-card processor’s stock worth $2,751,000 after acquiring an additional 1,166 shares during the last quarter. Finally, Nikulski Financial Inc. raised its stake in Visa by 4.0% in the 3rd quarter. Nikulski Financial Inc. now owns 12,928 shares of the credit-card processor’s stock worth $2,974,000 after acquiring an additional 499 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on V. Royal Bank of Canada raised their target price on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup lifted their price objective on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho reiterated a “neutral” rating and set a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods lifted their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, TD Cowen initiated coverage on Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated 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 sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated 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 sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,874 shares of company stock worth $5,506,827. Insiders own 0.19% of the company’s stock.

Visa Price Performance

Shares of Visa stock traded down $0.64 on Friday, hitting $274.52. The company’s stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The firm has a fifty day moving average price of $279.24 and a 200-day moving average price of $264.33.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the previous year, the firm posted $2.09 EPS. Visa’s revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

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.