Tamar Securities LLC Purchases 3,435 Shares of Visa Inc. (NYSE:V)

Tamar Securities LLC increased its position in shares of Visa Inc. (NYSE:V) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,467 shares of the credit-card processor’s stock after acquiring an additional 3,435 shares during the period. Visa makes up about 2.1% of Tamar Securities LLC’s holdings, making the stock its 25th biggest position. Tamar Securities LLC’s holdings in Visa were worth $10,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hibernia Wealth Partners LLC bought a new position in shares of Visa in the 3rd quarter worth $25,000. Altshuler Shaham Ltd bought a new position in shares of Visa in the 3rd quarter worth $25,000. Financial Freedom LLC bought a new position in shares of Visa in the 4th quarter worth $32,000. Nalls Sherbakoff Group LLC increased its holdings in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its holdings in shares of Visa by 227.7% in the 3rd quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor’s stock worth $35,000 after buying an additional 107 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. KeyCorp increased their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. UBS Group upped their price objective on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Wells Fargo & Company upped their price objective on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Citigroup upped their price objective on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Susquehanna upped their price objective on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $295.82.

Visa Stock Up 0.2 %

Shares of NYSE V opened at $277.76 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm has a market capitalization of $510.11 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. The firm has a fifty day simple moving average of $280.17 and a two-hundred day simple moving average of $260.68.

Visa (NYSE:V) last issued its quarterly earnings data 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 net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the business earned $2.18 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s payout ratio is 23.94%.

Insider Buying and Selling

In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock worth $15,131,081 in the last three months. 0.19% of the stock is owned by corporate insiders.

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.