Nomura Asset Management Co. Ltd. Has $267.14 Million Position in Visa Inc. $V

Nomura Asset Management Co. Ltd. lowered its holdings in shares of Visa Inc. (NYSE:VFree Report) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 761,699 shares of the credit-card processor’s stock after selling 3,909 shares during the period. Visa comprises 0.7% of Nomura Asset Management Co. Ltd.’s portfolio, making the stock its 17th largest holding. Nomura Asset Management Co. Ltd.’s holdings in Visa were worth $267,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Portland Global Advisors LLC boosted its stake in shares of Visa by 9.3% in the 4th quarter. Portland Global Advisors LLC now owns 989 shares of the credit-card processor’s stock valued at $347,000 after purchasing an additional 84 shares in the last quarter. Rockline Wealth Management LLC lifted its position in Visa by 1.3% during the 4th quarter. Rockline Wealth Management LLC now owns 28,826 shares of the credit-card processor’s stock worth $10,110,000 after buying an additional 359 shares in the last quarter. Parr Mcknight Wealth Management Group LLC lifted its position in Visa by 3.4% during the 4th quarter. Parr Mcknight Wealth Management Group LLC now owns 7,940 shares of the credit-card processor’s stock worth $2,785,000 after buying an additional 264 shares in the last quarter. Verity & Verity LLC lifted its position in Visa by 53.8% during the 4th quarter. Verity & Verity LLC now owns 5,108 shares of the credit-card processor’s stock worth $1,791,000 after buying an additional 1,787 shares in the last quarter. Finally, Consolidated Capital Management LLC lifted its position in Visa by 1.0% during the 4th quarter. Consolidated Capital Management LLC now owns 25,741 shares of the credit-card processor’s stock worth $9,028,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V opened at $327.68 on Friday. The stock has a market capitalization of $587.78 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.74 and a beta of 0.78. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $375.51. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $314.87 and a two-hundred day moving average price of $325.05.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.76 EPS. Equities analysts predict that Visa Inc. will post 13.09 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa’s payout ratio is currently 23.34%.

Visa announced that its Board of Directors has approved a share repurchase plan on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on V. Daiwa Securities Group upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price target on the stock in a research report on Monday, February 2nd. Weiss Ratings downgraded shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 16th. Loop Capital began coverage on shares of Visa in a research report on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target on the stock. BMO Capital Markets began coverage on shares of Visa in a research report on Tuesday, April 21st. They set an “outperform” rating and a $365.00 price target on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price target on shares of Visa in a research report on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Buy” and an average price target of $386.70.

Read Our Latest Report on Visa

Key Stories Impacting Visa

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Insiders Place Their Bets

In other Visa news, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 42,744 shares of company stock valued at $14,356,010. 0.12% of the stock is currently owned by insiders.

Visa 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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