Total Investment Management Inc. Buys New Stake in Visa Inc. (NYSE:V)

Total Investment Management Inc. purchased a new position in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 843 shares of the credit-card processor's stock, valued at approximately $266,000.

A number of other institutional investors also recently bought and sold shares of V. International Assets Investment Management LLC grew its stake in shares of Visa by 45,189.4% during the 3rd quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock worth $2,683,101,000 after purchasing an additional 9,736,958 shares during the period. State Street Corp boosted its holdings in Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after buying an additional 3,327,977 shares in the last quarter. FMR LLC grew its position in Visa by 6.1% during the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock valued at $15,702,901,000 after buying an additional 3,265,518 shares during the period. Geode Capital Management LLC increased its holdings in Visa by 7.7% in the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock valued at $10,601,135,000 after buying an additional 2,772,549 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Visa in the third quarter worth about $268,640,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Down 0.4 %

Shares of NYSE:V traded down $1.47 during midday trading on Friday, reaching $349.02. 3,789,798 shares of the company's stock were exchanged, compared to its average volume of 5,653,773. The stock has a market cap of $648.41 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 2.36 and a beta of 0.97. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $357.15. The firm's 50 day simple moving average is $328.47 and its two-hundred day simple moving average is $301.39. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now 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 disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock worth $19,161,447 over the last ninety days. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on V shares. Robert W. Baird raised their target price on Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. TD Cowen raised their price objective on Visa from $318.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. BMO Capital Markets upped their target price on Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of Visa from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a report 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 stock. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price of $355.31.

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.