Hancock Whitney Corp Raises Stock Holdings in Visa Inc. (NYSE:V)

Hancock Whitney Corp lifted its stake in Visa Inc. (NYSE:V - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,394 shares of the credit-card processor's stock after purchasing an additional 824 shares during the period. Visa accounts for approximately 0.9% of Hancock Whitney Corp's holdings, making the stock its 16th largest holding. Hancock Whitney Corp's holdings in Visa were worth $29,832,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of V. Riverstone Advisors LLC acquired a new position in shares of Visa in the fourth quarter valued at $217,000. Journey Strategic Wealth LLC boosted its holdings in shares of Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after acquiring an additional 1,361 shares during the period. King Wealth Management Group grew its position in shares of Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after purchasing an additional 6,172 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Visa during the 4th quarter worth approximately $10,163,000. Finally, Copley Financial Group Inc. acquired a new stake in Visa in the 3rd quarter worth about $616,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

V has been the subject of a number of research analyst reports. Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. William Blair reissued an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Bank of America boosted their target price on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Finally, Barclays boosted their target price on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $358.17.

Insiders Place Their Bets

In related news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 in the last quarter. Corporate insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of Visa stock traded up $0.90 on Monday, reaching $336.07. The stock had a trading volume of 2,305,331 shares, compared to its average volume of 7,191,868. The business's 50 day moving average is $338.42 and its two-hundred day moving average is $322.98. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a market cap of $624.33 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last announced its quarterly 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, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa's payout ratio is presently 23.79%.

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.