Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 38,077 Shares of Visa Inc (V)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Visa Inc (NYSE:V) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 456,949 shares of the credit-card processor’s stock after purchasing an additional 38,077 shares during the quarter. Visa makes up 1.1% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s portfolio, making the stock its 13th largest holding. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Visa were worth $48,089,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC increased its position in Visa by 159.7% in the second quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock worth $909,979,000 after purchasing an additional 5,966,991 shares during the period. Vanguard Group Inc. increased its position in Visa by 2.1% in the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after purchasing an additional 2,628,148 shares during the period. Capital Research Global Investors increased its position in Visa by 20.3% in the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after purchasing an additional 1,919,732 shares during the period. Harbour Capital Advisors LLC increased its position in Visa by 10,570.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock worth $17,047,000 after purchasing an additional 1,583,686 shares during the period. Finally, BlackRock Inc. increased its position in Visa by 1.3% in the second quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock worth $10,751,846,000 after purchasing an additional 1,440,034 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Visa Inc (V) traded up $1.49 during trading on Thursday, hitting $125.72. The stock had a trading volume of 11,168,241 shares, compared to its average volume of 7,090,000. Visa Inc has a one year low of $81.57 and a one year high of $126.88. The company has a market cap of $284,910.00, a PE ratio of 44.90, a P/E/G ratio of 1.78 and a beta of 0.99. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from Visa’s previous quarterly dividend of $0.20. Visa’s dividend payout ratio is currently 27.86%.

In other Visa news, EVP Tullier Kelly Mahon sold 49,702 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the transaction, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now directly owns 687 shares in the company, valued at $77,005.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,068 shares of company stock worth $6,597,262. Company insiders own 0.14% of the company’s stock.

Several equities analysts have recently issued reports on V shares. Wells Fargo & Co upgraded Visa from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $107.01 to $120.00 in a research report on Tuesday, October 10th. Barclays boosted their target price on Visa from $114.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. KeyCorp restated a “buy” rating and set a $118.00 target price on shares of Visa in a research report on Wednesday, October 18th. Morgan Stanley boosted their target price on Visa from $114.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Finally, Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Four investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $124.52.

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Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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