Scotia Capital Inc. Acquires 75,355 Shares of Visa Inc. (NYSE:V)

Scotia Capital Inc. raised its position in shares of Visa Inc. (NYSE:V - Free Report) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,531,579 shares of the credit-card processor's stock after purchasing an additional 75,355 shares during the quarter. Visa accounts for about 2.6% of Scotia Capital Inc.'s investment portfolio, making the stock its 8th largest position. Scotia Capital Inc. owned approximately 0.08% of Visa worth $484,079,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. DRW Securities LLC grew its position in shares of Visa by 142.5% during the fourth quarter. DRW Securities LLC now owns 22,172 shares of the credit-card processor's stock valued at $7,007,000 after purchasing an additional 13,029 shares in the last quarter. Azimuth Capital Investment Management LLC raised its position in Visa by 25.3% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 116,611 shares of the credit-card processor's stock worth $36,854,000 after purchasing an additional 23,575 shares during the period. Faithward Advisors LLC lifted its stake in shares of Visa by 7.3% during the 4th quarter. Faithward Advisors LLC now owns 3,978 shares of the credit-card processor's stock worth $1,257,000 after acquiring an additional 271 shares during the last quarter. Tandem Investment Partners LLC bought a new position in shares of Visa in the fourth quarter worth about $951,000. Finally, APG Asset Management N.V. grew its stake in Visa by 484.8% in the 4th quarter. APG Asset Management N.V. now owns 1,622,811 shares of the credit-card processor's stock worth $495,290,000 after acquiring an additional 1,345,291 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

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Visa Trading Up 0.2 %

Shares of Visa stock traded up $0.62 on Monday, reaching $334.02. The company had a trading volume of 1,782,210 shares, compared to its average volume of 7,253,164. The firm's 50 day moving average price is $342.40 and its two-hundred day moving average price is $319.09. 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 firm has a market cap of $620.53 billion, a PE ratio of 33.67, a PEG ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results 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 return on equity of 54.79% and a net margin of 54.27%. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. Visa's dividend payout ratio (DPR) is presently 23.79%.

Analysts Set New Price Targets

Several research analysts have issued reports on V shares. Piper Sandler reiterated an "overweight" rating and set a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. William Blair restated an "outperform" rating on shares of Visa in a research note on Friday, January 31st. Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $355.84.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. 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 the company's 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 sale, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by corporate insiders.

Visa Company 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.