Daiwa Securities Group Inc. Has $83.76 Million Holdings in Visa Inc. (NYSE:V)

Daiwa Securities Group Inc. lifted its holdings in shares of Visa Inc. (NYSE:V) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,618 shares of the credit-card processor’s stock after purchasing an additional 20,368 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Visa were worth $83,755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WFA Asset Management Corp grew its stake in Visa by 4.6% during the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after buying an additional 100 shares in the last quarter. Lavaca Capital LLC acquired a new stake in shares of Visa during the 1st quarter worth approximately $249,000. Caxton Associates LP boosted its position in shares of Visa by 431.3% during the 1st quarter. Caxton Associates LP now owns 53,088 shares of the credit-card processor’s stock worth $14,816,000 after acquiring an additional 43,096 shares in the last quarter. Zurich Insurance Group Ltd FI increased its stake in Visa by 0.3% in the first quarter. Zurich Insurance Group Ltd FI now owns 583,343 shares of the credit-card processor’s stock valued at $162,799,000 after acquiring an additional 2,015 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its position in Visa by 13.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 148,553 shares of the credit-card processor’s stock valued at $41,458,000 after purchasing an additional 17,887 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of Visa stock opened at $309.92 on Friday. The business has a 50-day simple moving average of $289.52 and a 200 day simple moving average of $277.34. Visa Inc. has a one year low of $251.61 and a one year high of $312.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $577.34 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.08 and a beta of 0.95.

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

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio is presently 24.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on V shares. Jefferies Financial Group raised their target price on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Susquehanna lifted their target price on Visa from $326.00 to $339.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $317.00 target price on shares of Visa in a report on Thursday, September 12th. Macquarie upped their price objective on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $321.74.

Insider Buying and Selling 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 transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 94.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Visa Company 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.