4,005 Shares in Visa Inc. $V Bought by Citizens Business Bank

Citizens Business Bank acquired a new stake in Visa Inc. (NYSE:VFree Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,005 shares of the credit-card processor’s stock, valued at approximately $1,367,000.

A number of other hedge funds also recently made changes to their positions in the business. GCQ FUNDS MANAGEMENT PTY Ltd raised its stake in shares of Visa by 38.1% during the 3rd quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 203,617 shares of the credit-card processor’s stock worth $69,511,000 after purchasing an additional 56,153 shares during the period. AlphaCore Capital LLC increased its holdings in Visa by 0.8% during the third quarter. AlphaCore Capital LLC now owns 29,342 shares of the credit-card processor’s stock worth $10,017,000 after buying an additional 247 shares during the last quarter. Second Half Financial Partners LLC raised its position in Visa by 8.6% in the third quarter. Second Half Financial Partners LLC now owns 2,141 shares of the credit-card processor’s stock worth $731,000 after acquiring an additional 169 shares during the period. Catalyst Financial Partners LLC raised its position in Visa by 1.5% in the third quarter. Catalyst Financial Partners LLC now owns 9,426 shares of the credit-card processor’s stock worth $3,218,000 after acquiring an additional 138 shares during the period. Finally, Hager Investment Management Services LLC boosted its stake in Visa by 10.1% in the third quarter. Hager Investment Management Services LLC now owns 6,008 shares of the credit-card processor’s stock valued at $2,051,000 after acquiring an additional 549 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

NYSE:V opened at $313.02 on Thursday. The business’s fifty day moving average is $334.19 and its 200 day moving average is $338.39. The firm has a market cap of $568.18 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 1.76 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51.

Visa (NYSE:VGet Free Report) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the company earned $2.75 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. Research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 10th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 annualized dividend and a yield of 0.9%. Visa’s payout ratio is currently 25.14%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the sale, the chief executive officer directly owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Piper Sandler set a $160.00 price target on shares of Visa in a research note on Wednesday, January 28th. Daiwa Securities Group raised Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price for the company in a research report on Monday, February 2nd. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Cantor Fitzgerald upgraded Visa to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, Macquarie Infrastructure restated an “outperform” rating and issued a $410.00 price objective on shares of Visa in a research note on Friday, January 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $391.43.

Read Our Latest Research Report on V

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Visa Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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