RAM Investment Partners LLC Purchases 142 Shares of Visa Inc. (NYSE:V)

RAM Investment Partners LLC increased its position in shares of Visa Inc. (NYSE:V) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,046 shares of the credit-card processor’s stock after purchasing an additional 142 shares during the period. RAM Investment Partners LLC’s holdings in Visa were worth $647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of V. Peterson Financial Group Inc. bought a new stake in Visa in the third quarter valued at $26,000. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter valued at $26,000. Reston Wealth Management LLC bought a new stake in Visa in the third quarter valued at $31,000. Modus Advisors LLC bought a new stake in Visa in the fourth quarter valued at $32,000. Finally, Sugar Maple Asset Management LLC bought a new stake in Visa in the fourth quarter valued at $44,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value 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 $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on V. Mizuho increased their target price on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Macquarie increased their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Raymond James restated an “outperform” rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Citigroup increased their target price on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, BMO Capital Markets increased their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Trading Down 0.1 %

NYSE V opened at $350.88 on Wednesday. The firm has a market cap of $651.85 billion, a P/E ratio of 35.37, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock’s 50-day moving average is $321.77 and its 200-day moving average is $296.88. Visa Inc. has a one year low of $252.70 and a one year high of $352.12.

Visa (NYSE:V) 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 anticipate that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s payout ratio is presently 23.79%.

Visa 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.