Triasima Portfolio Management inc. Boosts Holdings in Visa Inc. (NYSE:V)

Triasima Portfolio Management inc. raised its holdings in Visa Inc. (NYSE:V) by 29.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,409 shares of the credit-card processor’s stock after purchasing an additional 3,520 shares during the period. Triasima Portfolio Management inc.’s holdings in Visa were worth $4,012,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hibernia Wealth Partners LLC purchased a new position in shares of Visa in the third quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Visa during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in Visa during the 4th quarter valued at $32,000. Nalls Sherbakoff Group LLC boosted its holdings in shares of Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Visa during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Down 1.7 %

Shares of V stock opened at $271.28 on Tuesday. The stock has a 50 day moving average of $280.04 and a 200 day moving average of $262.19. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $498.21 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.91 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the business earned $2.18 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is currently 23.94%.

Insiders Place Their Bets

In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,511 shares of company stock valued at $15,131,081. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Susquehanna upped their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. UBS Group increased their target price on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Monness Crespi & Hardt began coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Finally, Royal Bank of Canada raised their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $296.87.

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.