TD Asset Management Inc. Purchases 58,393 Shares of Visa Inc. (NYSE:V)

TD Asset Management Inc. boosted its holdings in shares of Visa Inc. (NYSE:V) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,788,279 shares of the credit-card processor’s stock after acquiring an additional 58,393 shares during the period. Visa makes up approximately 1.1% of TD Asset Management Inc.’s investment portfolio, making the stock its 16th largest holding. TD Asset Management Inc. owned 0.20% of Visa worth $1,197,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa in the 4th quarter worth $27,000. POM Investment Strategies LLC increased its holdings in 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 bought a new position in Visa during the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Visa in the 4th quarter valued at about $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

V has been the subject of a number of research reports. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Morgan Stanley increased their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price target on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Oppenheimer restated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $353.96.

Insider Transactions at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

Shares of V stock opened at $343.96 on Tuesday. The company has a market capitalization of $639.00 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a 50-day simple moving average of $341.23 and a 200 day simple moving average of $313.75.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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%. On average, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

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.