Commerce Bank Sells 35,808 Shares of Visa Inc. (NYSE:V)

Commerce Bank cut its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 664,628 shares of the credit-card processor's stock after selling 35,808 shares during the quarter. Visa makes up approximately 1.3% of Commerce Bank's holdings, making the stock its 12th largest holding. Commerce Bank's holdings in Visa were worth $210,049,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its holdings in shares of Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. raised its stake in Visa by 7.7% during the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock worth $1,576,366,000 after acquiring an additional 411,210 shares during the period. Morse Asset Management Inc bought a new position in Visa in the third quarter worth about $69,000. Passumpsic Savings Bank boosted its stake in Visa by 2.0% in the third quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor's stock valued at $2,512,000 after acquiring an additional 179 shares during the period. Finally, Virtu Financial LLC grew its holdings in shares of Visa by 101.5% during the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock valued at $12,368,000 after purchasing an additional 22,658 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction 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 sale, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is currently owned by company insiders.

Visa Trading Down 0.6 %

V traded down $2.07 during trading on Friday, reaching $329.26. The company had a trading volume of 5,640,095 shares, compared to its average volume of 7,224,873. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a market cap of $611.69 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94. The firm's 50-day simple moving average is $340.68 and its 200 day simple moving average is $320.74.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is presently 23.79%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on V shares. JPMorgan Chase & Co. boosted their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. UBS Group upped their price target on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Barclays boosted their target price on shares of Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Finally, Raymond James restated an "outperform" rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $355.84.

Visa Company 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.