West Bancorporation Inc. Takes Position in Visa Inc (NYSE:V)

West Bancorporation Inc. acquired a new stake in Visa Inc (NYSE:V) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 885 shares of the credit-card processor’s stock, valued at approximately $166,000.

Several other institutional investors also recently bought and sold shares of V. BlackRock Inc. boosted its holdings in Visa by 2.3% during the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after buying an additional 2,773,330 shares in the last quarter. Polen Capital Management LLC lifted its position in shares of Visa by 2.8% in the 4th quarter. Polen Capital Management LLC now owns 10,160,598 shares of the credit-card processor’s stock valued at $1,909,176,000 after acquiring an additional 277,305 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Visa by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,672,697 shares of the credit-card processor’s stock valued at $1,441,700,000 after acquiring an additional 64,937 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Visa by 0.8% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,242,045 shares of the credit-card processor’s stock valued at $1,360,780,000 after acquiring an additional 58,752 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Visa by 3.3% in the 4th quarter. California Public Employees Retirement System now owns 6,515,769 shares of the credit-card processor’s stock valued at $1,224,313,000 after acquiring an additional 209,670 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

NYSE:V traded up $1.75 during midday trading on Friday, reaching $181.76. The stock had a trading volume of 22,657,345 shares, compared to its average volume of 9,600,197. Visa Inc has a 1-year low of $144.50 and a 1-year high of $214.17. The firm’s fifty day simple moving average is $203.00 and its 200-day simple moving average is $185.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $367.40 billion, a P/E ratio of 33.17, a PEG ratio of 1.97 and a beta of 0.91.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $1.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.46. Visa had a net margin of 52.60% and a return on equity of 43.15%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6.08 billion. During the same period last year, the business posted $1.30 EPS. Visa’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc will post 6.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This is a positive change from Visa’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is presently 22.06%.

V has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Visa from $212.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Raymond James increased their target price on shares of Visa from $205.00 to $221.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. KeyCorp increased their target price on shares of Visa from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Oppenheimer increased their target price on shares of Visa from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Compass Point initiated coverage on shares of Visa in a research report on Thursday, December 5th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $217.62.

In other Visa news, CAO James H. Hoffmeister sold 2,186 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $208.71, for a total value of $456,240.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Lynne Biggar sold 5,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $211.18, for a total transaction of $1,161,490.00. Following the completion of the sale, the executive vice president now owns 19,370 shares in the company, valued at $4,090,556.60. The disclosure for this sale can be found here. Insiders sold a total of 45,577 shares of company stock worth $8,997,065 over the last quarter. 0.19% of the stock is currently owned by company insiders.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Read More: Growth Stocks

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.