Nomura Asset Management Co. Ltd. Acquires 75,255 Shares of Visa Inc. (NYSE:V)

Nomura Asset Management Co. Ltd. raised its holdings in Visa Inc. (NYSE:V) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 826,929 shares of the credit-card processor’s stock after purchasing an additional 75,255 shares during the period. Visa makes up about 0.8% of Nomura Asset Management Co. Ltd.’s portfolio, making the stock its 14th largest holding. Nomura Asset Management Co. Ltd.’s holdings in Visa were worth $261,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in V. Hirtle Callaghan & Co LLC boosted its holdings in shares of Visa by 1.3% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor’s stock worth $724,000 after purchasing an additional 29 shares during the period. Elevation Wealth Partners LLC raised its stake in shares of Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock valued at $297,000 after acquiring an additional 30 shares in the last quarter. Warther Private Wealth LLC lifted its holdings in shares of Visa by 1.0% in the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock worth $928,000 after buying an additional 30 shares during the period. Valmark Advisers Inc. lifted its stake in Visa by 0.4% in the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock worth $2,292,000 after acquiring an additional 30 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. boosted its stake in shares of Visa by 0.4% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor’s stock valued at $2,302,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on V. Piper Sandler reiterated an “overweight” rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Bank of America raised their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Finally, UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.84.

Visa Trading Up 1.6 %

Visa stock opened at $349.82 on Friday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The stock has a market cap of $649.89 billion, a PE ratio of 35.26, a P/E/G ratio of 2.33 and a beta of 0.95. The stock has a 50-day moving average price of $343.15 and a 200 day moving average price of $314.66. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

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

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is 23.79%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is currently owned by insiders.

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.