Mizuho Securities Co. Ltd. boosted its holdings in Visa Inc (NYSE:V) by 31.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,750 shares of the credit-card processor’s stock after purchasing an additional 5,640 shares during the quarter. Visa makes up about 5.4% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 4th largest holding. Mizuho Securities Co. Ltd.’s holdings in Visa were worth $4,122,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in V. Enterprise Financial Services Corp boosted its holdings in shares of Visa by 0.8% during the second quarter. Enterprise Financial Services Corp now owns 7,649 shares of the credit-card processor’s stock valued at $1,328,000 after acquiring an additional 59 shares during the period. Radnor Capital Management LLC boosted its holdings in shares of Visa by 0.8% during the second quarter. Radnor Capital Management LLC now owns 8,060 shares of the credit-card processor’s stock valued at $1,399,000 after acquiring an additional 60 shares during the period. Convergence Investment Partners LLC boosted its holdings in shares of Visa by 1.7% during the second quarter. Convergence Investment Partners LLC now owns 3,908 shares of the credit-card processor’s stock valued at $678,000 after acquiring an additional 66 shares during the period. Hanson & Doremus Investment Management boosted its holdings in shares of Visa by 7.8% during the second quarter. Hanson & Doremus Investment Management now owns 925 shares of the credit-card processor’s stock valued at $161,000 after acquiring an additional 67 shares during the period. Finally, Parisi Gray Wealth Management boosted its holdings in shares of Visa by 1.9% during the second quarter. Parisi Gray Wealth Management now owns 3,859 shares of the credit-card processor’s stock valued at $670,000 after acquiring an additional 71 shares during the period. 81.63% of the stock is owned by hedge funds and other institutional investors.
Visa stock traded down $3.68 during midday trading on Wednesday, hitting $174.93. The company’s stock had a trading volume of 1,703,761 shares, compared to its average volume of 7,765,283. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The business’s 50-day simple moving average is $177.94. Visa Inc has a 12 month low of $121.60 and a 12 month high of $184.07. The firm has a market capitalization of $355.22 billion, a P/E ratio of 37.95, a PEG ratio of 2.00 and a beta of 0.96.
Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping the consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the previous year, the business earned $1.20 earnings per share. Visa’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc will post 5.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date is Thursday, August 15th. Visa’s dividend payout ratio (DPR) is presently 21.69%.
In other Visa news, Director Denise M. Morrison purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the completion of the transaction, the director now owns 3,223 shares in the company, valued at $551,551.99. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the sale, the director now owns 3,452 shares in the company, valued at $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.
Several brokerages have recently issued reports on V. JPMorgan Chase & Co. boosted their price target on shares of Visa from $166.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Credit Suisse Group boosted their price target on shares of Visa from $200.00 to $203.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Cantor Fitzgerald restated a “buy” rating and set a $181.00 price objective on shares of Visa in a research note on Sunday, April 28th. Piper Jaffray Companies set a $207.00 price objective on shares of Visa and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, SunTrust Banks lifted their price objective on shares of Visa to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and an average price target of $195.46.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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