ST. Nicholas Private Asset Management Inc. Acquires New Holdings in Visa Inc. (NYSE:V)

ST. Nicholas Private Asset Management Inc. acquired a new stake in Visa Inc. (NYSE:V) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,845 shares of the credit-card processor’s stock, valued at approximately $583,000.

A number of other large investors have also recently added to or reduced their stakes in V. Fisher Funds Management LTD acquired a new stake in shares of Visa during the 4th quarter worth about $9,058,000. Pinnacle Financial Partners Inc boosted its stake in shares of Visa by 0.6% during the 4th quarter. Pinnacle Financial Partners Inc now owns 430,976 shares of the credit-card processor’s stock worth $128,292,000 after purchasing an additional 2,369 shares during the last quarter. Capital City Trust Co. FL boosted its stake in shares of Visa by 1.0% during the 4th quarter. Capital City Trust Co. FL now owns 25,702 shares of the credit-card processor’s stock worth $8,123,000 after purchasing an additional 264 shares during the last quarter. Callan Capital LLC boosted its stake in shares of Visa by 8.2% during the 4th quarter. Callan Capital LLC now owns 3,024 shares of the credit-card processor’s stock worth $956,000 after purchasing an additional 230 shares during the last quarter. Finally, Redmond Asset Management LLC boosted its stake in shares of Visa by 49.5% during the 4th quarter. Redmond Asset Management LLC now owns 25,806 shares of the credit-card processor’s stock worth $8,156,000 after purchasing an additional 8,549 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 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 owns 36,566 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold 55,885 shares of company stock worth $19,161,447 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Visa Trading Up 0.3 %

V opened at $349.46 on Tuesday. The firm has a market capitalization of $649.21 billion, a P/E ratio of 35.23, a P/E/G ratio of 2.33 and a beta of 0.97. The firm’s 50 day moving average is $329.81 and its 200-day moving average is $303.29. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $357.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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 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 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Analysts Set New Price Targets

Several research firms have issued reports on V. Jefferies Financial Group raised their price target on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research note on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Finally, Citigroup reiterated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $353.96.

About Visa

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.