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

Partners Capital Investment Group LLP purchased a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 16,921 shares of the credit-card processor’s stock, valued at approximately $5,348,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the 4th quarter worth approximately $26,000. Peterson Financial Group Inc. acquired a new stake in Visa in the third quarter valued at $26,000. POM Investment Strategies LLC boosted its position 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 worth $31,000 after purchasing an additional 32 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth $32,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Visa in the 3rd quarter valued at about $31,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

Shares of V stock opened at $354.95 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $659.42 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. Visa Inc. has a one year low of $252.70 and a one year high of $357.15. The company has a 50 day moving average price of $327.75 and a 200 day moving average price of $301.05.

Visa (NYSE:V) last released its quarterly earnings data 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 anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company 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 $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

Insider Transactions at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s 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 completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

V has been the topic of several recent analyst reports. Oppenheimer upped their target price on shares of Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. UBS Group raised their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley boosted their target price on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, TD Cowen boosted their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has an average 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.