801 Shares in Visa Inc. (NYSE:V) Acquired by Total Investment Management Inc.

Total Investment Management Inc. purchased a new position in Visa Inc. (NYSE:V) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 801 shares of the credit-card processor’s stock, valued at approximately $208,000.

A number of other institutional investors also recently added to or reduced their stakes in V. FMR LLC lifted its position in shares of Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after buying an additional 2,257,605 shares during the last quarter. Northern Trust Corp lifted its position in shares of Visa by 4.7% during the 3rd quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock worth $3,927,122,000 after buying an additional 763,505 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Visa by 2.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock worth $3,272,846,000 after buying an additional 374,489 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Visa by 0.7% during the 4th quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock worth $3,078,408,000 after buying an additional 85,123 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Visa by 1.5% in the 3rd quarter. Brown Advisory Inc. now owns 7,542,434 shares of the credit-card processor’s stock valued at $1,734,835,000 after acquiring an additional 108,280 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on V. Evercore ISI lifted their target price on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Macquarie lifted their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. Raymond James lifted their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Wedbush lifted their target price on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Barclays lifted their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated 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 directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated 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 owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 19,874 shares of company stock worth $5,506,827 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Visa Price Performance

Shares of NYSE:V traded down $0.64 on Friday, reaching $274.52. 6,840,615 shares of the company were exchanged, compared to its average volume of 6,528,673. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The firm has a market cap of $504.16 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a 50-day moving average of $279.24 and a 200-day moving average of $264.33.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the firm earned $2.09 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio is presently 23.24%.

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.