Mizuho Securities USA LLC Has $29.78 Million Holdings in Visa Inc. (NYSE:V)

Mizuho Securities USA LLC lessened its position in shares of Visa Inc. (NYSE:V) by 10.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 108,319 shares of the credit-card processor’s stock after selling 13,057 shares during the quarter. Visa makes up approximately 0.6% of Mizuho Securities USA LLC’s investment portfolio, making the stock its 18th largest holding. Mizuho Securities USA LLC’s holdings in Visa were worth $29,782,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in Visa by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 14,610,590 shares of the credit-card processor’s stock valued at $3,833,981,000 after acquiring an additional 345,829 shares in the last quarter. Legal & General Group Plc lifted its stake in Visa by 2.2% during the 2nd quarter. Legal & General Group Plc now owns 14,416,394 shares of the credit-card processor’s stock valued at $3,783,857,000 after acquiring an additional 312,286 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Visa by 45,189.4% during the 3rd quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor’s stock valued at $2,683,101,000 after acquiring an additional 9,736,958 shares in the last quarter. Ninety One UK Ltd lifted its stake in Visa by 0.7% during the 2nd quarter. Ninety One UK Ltd now owns 7,867,958 shares of the credit-card processor’s stock valued at $2,065,103,000 after acquiring an additional 55,437 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Visa by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,670,269 shares of the credit-card processor’s stock valued at $2,013,403,000 after acquiring an additional 685,228 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 94.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on V. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. BMO Capital Markets lifted their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 target price on the stock in a research note on Tuesday, September 3rd. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Compass Point started coverage on Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Visa Stock Performance

Shares of V stock opened at $307.39 on Thursday. The company has a market capitalization of $560.16 billion, a P/E ratio of 31.59, a P/E/G ratio of 2.09 and a beta of 0.95. The business’s 50 day moving average is $288.57 and its two-hundred day moving average is $276.84. Visa Inc. has a 12-month low of $250.03 and a 12-month high of $312.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 earnings per share. Analysts expect that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

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.