AMI Investment Management Inc. Purchases 1,346 Shares of Visa Inc. (NYSE:V)

AMI Investment Management Inc. boosted its holdings in shares of Visa Inc. (NYSE:V) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,552 shares of the credit-card processor’s stock after acquiring an additional 1,346 shares during the quarter. Visa makes up approximately 1.5% of AMI Investment Management Inc.’s portfolio, making the stock its 20th largest holding. AMI Investment Management Inc.’s holdings in Visa were worth $3,789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of V. Moneta Group Investment Advisors LLC increased its position in Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after buying an additional 24,483,134 shares during the last quarter. Norges Bank acquired a new stake in shares of Visa in the fourth quarter worth about $3,067,232,000. Morgan Stanley boosted its stake in shares of Visa by 13.0% during the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after acquiring an additional 5,864,340 shares in the last quarter. State Street Corp increased its holdings in shares of Visa by 3.7% during the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after acquiring an additional 2,572,159 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.1 %

Shares of V stock traded down $0.24 on Thursday, hitting $278.78. 5,844,191 shares of the stock were exchanged, compared to its average volume of 5,650,746. The business has a 50-day moving average of $279.11 and a 200 day moving average of $258.66. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The firm has a market capitalization of $511.98 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. 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 (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period last year, the company earned $2.18 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

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

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold 47,311 shares of company stock valued at $12,832,129 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on V shares. Jefferies Financial Group increased their price target on Visa from $280.00 to $295.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. UBS Group upped their price target on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. KeyCorp boosted their price objective on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Finally, Susquehanna upped their target price 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 analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $295.82.

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.