Triasima Portfolio Management inc. Buys New Shares in Visa Inc. (NYSE:V)

Triasima Portfolio Management inc. purchased a new position in shares of Visa Inc. (NYSE:V) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,929 shares of the credit-card processor’s stock, valued at approximately $4,086,000.

A number of other large investors have also bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in Visa in the 4th quarter valued at about $2,435,000. Beese Fulmer Investment Management Inc. increased its holdings in shares of Visa by 0.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 4,490 shares of the credit-card processor’s stock valued at $1,419,000 after acquiring an additional 40 shares in the last quarter. Fairvoy Private Wealth LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $245,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Visa by 9.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 63,315 shares of the credit-card processor’s stock worth $20,010,000 after purchasing an additional 5,450 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Visa by 3.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,188 shares of the credit-card processor’s stock valued at $143,858,000 after purchasing an additional 13,249 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The shares were 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 of the company’s stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

Shares of Visa stock opened at $348.26 on Monday. The business’s 50-day moving average price is $321.08 and its 200-day moving average price is $295.90. The firm has a market capitalization of $647.00 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.25. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts forecast that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Citigroup upped their price target on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Mizuho raised their price objective on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Bank of America upped their target price on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group raised their price target on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

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.