Hilltop National Bank Makes New $1.48 Million Investment in Visa Inc. $V

Key Points

• Hilltop National Bank invested approximately $1.48 million in Visa Inc. during the second quarter by acquiring 4,159 shares, reflecting growing institutional interest in the company.
• Despite recent sales by insider executives, analysts maintain a positive outlook for Visa Inc., with target prices being revised upwards, including Macquarie's increase to $425.00.
• Visa announced a quarterly dividend of $0.59, contributing to a total annualized dividend of $2.36, representing a yield of 0.7% and a payout ratio of 23.05%.

Hilltop National Bank purchased a new stake in Visa Inc. (NYSE:V - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,159 shares of the credit-card processor's stock, valued at approximately $1,477,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Yeomans Consulting Group Inc. boosted its holdings in Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after buying an additional 29 shares in the last quarter. Semus Wealth Partners LLC lifted its position in shares of Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after acquiring an additional 29 shares during the period. BankPlus Wealth Management LLC boosted its stake in shares of Visa by 0.9% during the 2nd quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor's stock worth $1,185,000 after acquiring an additional 29 shares in the last quarter. Kennebec Savings Bank boosted its stake in shares of Visa by 0.9% during the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock worth $1,182,000 after acquiring an additional 30 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Visa by 0.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,839 shares of the credit-card processor's stock worth $1,345,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. This represents a 95.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Macquarie boosted their target price on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. UBS Group reiterated a "buy" rating and issued a $415.00 price objective (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Oppenheimer raised their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Barclays reaffirmed an "overweight" rating and issued a $408.00 price target (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. Finally, Raymond James Financial reissued an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $385.96.

Visa Stock Up 1.1%

V stock opened at $349.90 on Monday. The stock has a market capitalization of $641.28 billion, a P/E ratio of 34.17, a PEG ratio of 2.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a one year low of $273.24 and a one year high of $375.51. The company has a 50 day moving average price of $343.78 and a two-hundred day moving average price of $346.81.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.42 EPS. As a group, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a $0.59 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's payout ratio is 23.05%.

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.

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