6,929 Shares in Visa Inc. (NYSE:V) Bought by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust bought a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,929 shares of the credit-card processor's stock, valued at approximately $2,190,000. Visa comprises about 1.5% of Bank of Jackson Hole Trust's investment portfolio, making the stock its 16th biggest holding.

Several other large investors have also recently made changes to their positions in V. International Assets Investment Management LLC raised its stake in shares of Visa by 45,189.4% in the third quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock valued at $2,683,101,000 after buying an additional 9,736,958 shares during the period. State Street Corp increased its holdings in Visa by 4.5% in the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after acquiring an additional 3,327,977 shares during the last quarter. FMR LLC raised its stake in Visa by 6.1% in the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock valued at $15,702,901,000 after acquiring an additional 3,265,518 shares during the period. Geode Capital Management LLC lifted its holdings in Visa by 7.7% during the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock valued at $10,601,135,000 after purchasing an additional 2,772,549 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Visa during the third quarter worth about $268,640,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

V has been the topic of several research reports. Raymond James reissued an "outperform" rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Macquarie boosted their target price on shares of Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Oppenheimer increased their price objective on Visa from $375.00 to $390.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average target price of $355.31.

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock worth $19,161,447 in the last ninety days. 0.13% of the stock is owned by company insiders.

Visa Price Performance

V traded down $2.22 during midday trading on Friday, hitting $348.27. The stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,753,988. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The business has a fifty day moving average of $328.47 and a 200 day moving average of $301.39. The company has a market cap of $647.01 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

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.