American National Bank & Trust Has $18.68 Million Stake in Visa Inc. (NYSE:V)

American National Bank & Trust increased its position in Visa Inc. (NYSE:V) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,310 shares of the credit-card processor’s stock after purchasing an additional 1,467 shares during the period. Visa makes up 2.1% of American National Bank & Trust’s investment portfolio, making the stock its 11th largest holding. American National Bank & Trust’s holdings in Visa were worth $18,683,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of V. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. NewSquare Capital LLC bought a new stake in Visa during the fourth quarter worth $35,000. Finally, FPC Investment Advisory Inc. grew its holdings in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $365.43 on Friday. The company has a market capitalization of $674.28 billion, a P/E ratio of 36.84, a P/E/G ratio of 2.33 and a beta of 0.96. The business has a fifty day simple moving average of $343.40 and a two-hundred day simple moving average of $333.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $369.15.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.51 earnings per share. On average, analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Tuesday, May 13th. Visa’s payout ratio is currently 23.72%.

Analyst Ratings Changes

Several brokerages have weighed in on V. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. BMO Capital Markets raised their price target on shares of Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Evercore ISI assumed coverage on shares of Visa in a report on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price target on the stock. Finally, UBS Group upped their price objective on shares of Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $366.13.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $2,978,899.60. Following the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $185,576.46. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,948 shares of company stock valued at $41,548,282. Company 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.