Alerus Financial NA Cuts Holdings in Visa Inc. (NYSE:V)

Alerus Financial NA lowered its position in Visa Inc. (NYSE:V) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,555 shares of the credit-card processor’s stock after selling 2,240 shares during the period. Alerus Financial NA’s holdings in Visa were worth $4,284,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa in the 4th quarter valued at about $27,000. POM Investment Strategies LLC lifted its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the period. Modus Advisors LLC bought a new stake in Visa during the fourth quarter valued at about $32,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa in the 4th quarter worth approximately $32,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of several research analyst reports. Piper Sandler restated an “overweight” rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Morgan Stanley boosted their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Finally, Barclays lifted their target price on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $355.84.

Insider Transactions at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % 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 Visa stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the transaction, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,560,961 in the last three months. 0.13% of the stock is currently owned by company insiders.

Visa Trading Up 1.6 %

Shares of V opened at $349.82 on Friday. The firm has a market cap of $649.89 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The business has a 50-day moving average of $343.15 and a 200 day moving average of $314.66. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last released its 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 forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 dividend yield of 0.67%. Visa’s dividend payout ratio is presently 23.79%.

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.