Partners Capital Investment Group LLP Takes $5.35 Million Position in Visa Inc. (NYSE:V)

Partners Capital Investment Group LLP bought a new position in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 16,921 shares of the credit-card processor's stock, valued at approximately $5,348,000.

A number of other institutional investors have also bought and sold shares of V. Decker Retirement Planning Inc. bought a new position in shares of Visa during the fourth quarter worth $26,000. Peterson Financial Group Inc. purchased a new stake in Visa in the 3rd quarter worth $26,000. POM Investment Strategies LLC boosted its holdings in shares of Visa by 48.5% during the 4th 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 during the last quarter. Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at about $32,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Visa in the third quarter worth about $31,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Down 0.6 %

Shares of V stock traded down $2.22 during mid-day trading on Friday, hitting $348.27. The stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,472,298. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $357.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm's 50-day moving average is $329.14 and its two-hundred day moving average is $302.03. The firm has a market capitalization of $647.01 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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 predict 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 will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa's dividend payout ratio is presently 23.79%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on V. Susquehanna increased their price target on Visa from $395.00 to $410.00 and gave the company a "positive" rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Oppenheimer raised their target price on shares of Visa from $375.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Bank of America upped their price target on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.31.

Insider Activity at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold a total of 55,885 shares of company stock valued at $19,161,447 over the last ninety days. 0.13% of the stock is owned by company insiders.

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.