Parkside Financial Bank & Trust Has $3.26 Million Holdings in Visa Inc. (NYSE:V)

Parkside Financial Bank & Trust increased its stake in shares of Visa Inc. (NYSE:V) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,529 shares of the credit-card processor’s stock after purchasing an additional 1,476 shares during the period. Parkside Financial Bank & Trust’s holdings in Visa were worth $3,262,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Investment Advisory Services Inc. TX ADV lifted its holdings in Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after acquiring an additional 78 shares in the last quarter. Towerpoint Wealth LLC bought a new position in Visa during the fourth quarter worth about $216,000. Andrew Hill Investment Advisors Inc. bought a new position in Visa during the fourth quarter worth about $3,427,000. Wayfinding Financial LLC lifted its holdings in Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after acquiring an additional 161 shares in the last quarter. Finally, Richelieu Gestion SA bought a new position in Visa during the fourth quarter worth about $307,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders have sold a total of 18,965 shares of company stock valued at $5,256,352 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Visa Trading Up 1.9 %

Visa stock traded up $5.15 during trading hours on Wednesday, reaching $279.26. 2,365,295 shares of the company’s stock were exchanged, compared to its average volume of 5,827,419. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm’s 50 day simple moving average is $279.49 and its 200 day simple moving average is $263.90. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The firm has a market capitalization of $512.86 billion, a PE ratio of 32.19, a PEG ratio of 1.88 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the business posted $2.09 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts predict that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.74%. Visa’s dividend payout ratio is currently 23.94%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on V shares. Wedbush boosted their price target on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Susquehanna upped their target price on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Royal Bank of Canada upped their target price on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Oppenheimer upped their target price on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $301.35.

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.