Mizuho Securities Co. Ltd. Lowers Stock Position in Visa Inc. $V

Mizuho Securities Co. Ltd. trimmed its stake in shares of Visa Inc. (NYSE:VFree Report) by 86.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 280 shares of the credit-card processor’s stock after selling 1,730 shares during the period. Visa accounts for 0.7% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 24th largest holding. Mizuho Securities Co. Ltd.’s holdings in Visa were worth $96,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after purchasing an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its stake in shares of Visa by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after buying an additional 477 shares in the last quarter. Financial Harvest LLC purchased a new stake in shares of Visa during the 2nd quarter valued at about $287,000. Finally, Foster Group Inc. increased its stake in Visa by 2.1% during the second quarter. Foster Group Inc. now owns 3,303 shares of the credit-card processor’s stock worth $1,173,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,117. The trade was a 95.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the transaction, the insider owned 26,413 shares in the company, valued at $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,042 shares of company stock worth $8,247,289 in the last quarter. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on V shares. Evercore ISI set a $380.00 price target on Visa in a research report on Friday, December 12th. Robert W. Baird set a $425.00 target price on shares of Visa in a research report on Wednesday, October 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $408.00 price target (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research note on Wednesday, October 8th. Finally, UBS Group restated a “buy” rating on shares of Visa in a report on Tuesday, January 13th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Buy” and an average target price of $401.52.

Read Our Latest Research Report on Visa

Visa Stock Down 0.0%

Shares of NYSE V opened at $325.71 on Thursday. The stock’s fifty day simple moving average is $338.77 and its two-hundred day simple moving average is $342.83. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $593.36 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.71 earnings per share. As a group, analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were issued a $0.67 dividend. This is a boost from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. Visa’s payout ratio is 26.25%.

Visa News Summary

Here are the key news stories impacting Visa this week:

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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