Visa Inc. (NYSE:V) Shares Purchased by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR boosted its position in shares of Visa Inc. (NYSE:V) by 4.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,946 shares of the credit-card processor’s stock after buying an additional 1,467 shares during the period. Visa accounts for 2.6% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 14th largest position. Pioneer Trust Bank N A OR’s holdings in Visa were worth $8,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of Visa by 17,418.7% during the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after buying an additional 4,710,188 shares in the last quarter. FMR LLC increased its holdings in shares of Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Visa in the third quarter worth approximately $358,349,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Visa by 34.1% during the third quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor’s stock worth $903,955,000 after purchasing an additional 999,167 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Visa by 28.0% during the third quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor’s stock valued at $916,174,000 after purchasing an additional 871,439 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

Shares of NYSE:V traded up $1.35 on Thursday, hitting $278.54. 8,905,989 shares of the company were exchanged, compared to its average volume of 5,892,825. The company’s 50 day moving average price is $277.81 and its two-hundred day moving average price is $266.37. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The firm has a market capitalization of $509.43 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.84 and a beta of 0.95.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the company posted $2.09 earnings per share. Visa’s revenue was up 9.9% on a year-over-year basis. Research analysts expect that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Evercore ISI boosted their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Barclays raised their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Wedbush increased their price objective on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Citigroup lifted their target price on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.00.

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

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.