Webster Bank N. A. Has $12.27 Million Position in Visa Inc. (NYSE:V)

Webster Bank N. A. lessened its position in Visa Inc. (NYSE:V - Free Report) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,836 shares of the credit-card processor's stock after selling 1,200 shares during the quarter. Visa makes up 1.3% of Webster Bank N. A.'s investment portfolio, making the stock its 15th largest holding. Webster Bank N. A.'s holdings in Visa were worth $12,274,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of V. Crescent Grove Advisors LLC boosted its holdings in shares of Visa by 2.2% during the fourth quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor's stock worth $454,000 after purchasing an additional 31 shares during the last quarter. Phoenix Wealth Advisors grew its holdings in shares of Visa by 3.4% during the 4th quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor's stock worth $305,000 after purchasing an additional 32 shares during the period. Unionview LLC grew its stake in Visa by 1.5% during the third quarter. Unionview LLC now owns 2,296 shares of the credit-card processor's stock worth $631,000 after buying an additional 33 shares during the period. Forza Wealth Management LLC increased its position in shares of Visa by 2.9% in the fourth quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor's stock worth $368,000 after acquiring an additional 33 shares in the last quarter. Finally, Presilium Private Wealth LLC lifted its holdings in shares of Visa by 2.2% during the 4th quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor's stock valued at $475,000 after acquiring an additional 33 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on V shares. Oppenheimer boosted their price objective on Visa from $321.00 to $375.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Jefferies Financial Group lifted their price objective on shares of Visa from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Bank of America upped their target price on shares of Visa from $314.00 to $331.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Piper Sandler lifted their price target on shares of Visa from $322.00 to $368.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, Citigroup lifted their target price on Visa from $326.00 to $354.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $335.52.

Visa Stock Up 2.2 %

NYSE:V traded up $7.38 during trading hours on Thursday, hitting $343.26. 7,858,896 shares of the company's stock traded hands, compared to its average volume of 5,736,813. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $344.44. The firm has a market cap of $639.46 billion, a P/E ratio of 35.28, a P/E/G ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock's fifty day moving average price is $316.43 and its two-hundred day moving average price is $292.09.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. On average, research analysts expect that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 own 0.13% of the company's stock.

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.