Huntington National Bank Has $172.48 Million Stock Holdings in Visa Inc. (NYSE:V)

Huntington National Bank reduced its holdings in shares of Visa Inc. (NYSE:V) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 545,741 shares of the credit-card processor’s stock after selling 6,323 shares during the period. Visa comprises about 1.2% of Huntington National Bank’s investment portfolio, making the stock its 19th biggest position. Huntington National Bank’s holdings in Visa were worth $172,476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC boosted its stake in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of Visa during the fourth quarter worth $32,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Visa in the fourth quarter valued at $32,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Friday, March 14th. The stock was 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 directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

V has been the subject of several research reports. The Goldman Sachs Group raised their price objective on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Friday, March 28th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.84.

Visa Stock Performance

Shares of V stock opened at $346.80 on Wednesday. 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 Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company’s 50 day moving average price is $344.68 and its two-hundred day moving average price is $316.37. The company has a market capitalization of $644.28 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. 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.